• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Altice intends to float on Amsterdam NYSE Euronext

January 7, 2014 10.29 Europe/London By Robert Briel

aAltice S.A, the holding company of the Numericable cable nets, has announced it intends to launch an IPO on the Amsterdam Stock Exchange.

The company plans to float a maximum of 25% of its shares and hopes to collect EUR750 million.

Altice currently operates in three regions: Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), Israel and the French Overseas Territories (comprising Guadeloupe, Martinique and French Guyana in the Caribbean region and La Réunion and Mayotte in the Indian Ocean region).

In addition, following completion of recently announced transactions, Altice is also present in the Dominican Republic.

As at September 30, 2013, after giving effect to the impact of the pending acquisitions in the Dominican Republic, Altice passed approximately 13.9 million homes with 3.0 million cable customer relationships, 6.6 million cable based RGUs, an average of 2.0 RGUs per cable customer relationship (excluding France), and 4.6 million mobile telephony RGUs.

Patrick Drahi, Executive Chairman of Altice, said in a statement: “We are delighted to announce Altice’s initial public offering and intention to list on NYSE Euronext in Amsterdam. The IPO has been a strategic priority of the group and will be an important milestone. I am especially proud that an entrepreneurial company like Altice has grown into the multinational cable business it is today.

“This is the right time for Altice to list given our strong track record of growth and excellent cash flow generation. This listing will provide investors with the opportunity to acquire an interest in a high-quality multinational cable company with a proven track record of value-creative M&A and a strategy to explore value-creative M&A opportunities going-forward.”

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Finance, Newsline Tagged With: AEX, Altice, Amsterdam, France, Numericable Edited: 8 January 2014 10:59

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

Latest News

  • CNMV approves Mediaset España takeover
  • NPAW and 3SS Partner create customer intelligence platform
  • VOD usage grows in Spain
  • DAZN to cut UK staff numbers
  • Ateme to run Champions League Final streaming in Spain

Watch Video

In Conversation: Smart Routers mean Smart Homes

In the first edition of In Conversation, Julian Clover discusses how smart routers are evolving to serve the smart home with Stuart Griffin, Founder & Technologist, Consult Red. … [Webinar Replay...]

Q & A

OTT Question Time – now in association with Broadband TV News

Kauser Kanji, MD of VOD Professional, introduces the industry forum OTT Question Time. … [Read More]

Free Ebook

eBook: Overcoming the Top 5 Challenges in Server-side IP Ad insertion

IP video is a game-changer for advertising. However, unlike traditional television, IP video is more dynamic, with new devices, formats, content and services to consider. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...