Trading name Altice Area served Worldwide Founder Patrick Drahi CEO Dexter Goei (2009–) | Traded as Euronext: ATC Headquarters Woerden Founded 2001 Type of business Public | |
Industry Telecommunications
Mass media Key people Patrick Drahi
(Chairman)
Dexter Goei
(CEO) Owner Patrick Drahi
(Controlling Shareholder) | ||
Altice is a Netherlands-based multinational telecoms company, founded and headed by the French billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.
It has a market capitalization of US$34 billion, as of May 2015.
Acquisitions
In November 2013, Orange announced selling Orange Dominican to Altice for $1.4 billion.
In March 2014, it acquired SFR from media group Vivendi, France's second largest mobile phone and Internet services company, through its cable division Numericable.
In May 2015, Altice acquired a 70% controlling stake in Suddenlink Communications, which valued the seventh-largest US cable company at US$9.1 billion. The other 30% continues to be owned by BC Partners and CPP Investment Board.
In May 2015, Altice was said to be launching a bid for Time Warner Cable, which has a US$45 billion market capitalization, following a failed bid by Comcast. It is instead in the process of being acquired by Charter Communications.
In June 2015 Altice acquired Portugal Telecom.
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in France. Bouygues' board refused and as of March 2016, is considering merging with Orange.
On 17 September 2015, it was announced that Altice would acquire Cablevision, a Long Island, New York based cable provider, for US$17.7 billion, including debt.
In October 2015, backing the Cablevision purchase for Altice, were private equity firm BC Partners and CPPIB.