Altice has outlined the next step in its industrial, commercial and financial strategy following the closing of its acquisition of Cablevision.
It focuses on centralisation in order to make its capabilities available to subsidiaries in a more efficient manner. The company says the Altice model, or ‘Altice Way’, includes a number of areas of expertise.
Among them are improving network quality, upgarding and building out very high speed communications networks; improving customer relationships; leveraging Altice’s international media and content oreganisation; offering customers the best content; developing R&D through Altice Labs; developing, launching and integrating new products, services and business models; leveraging branding and marketing synergies; and selecting strategic suppliers and developing centralised procurement.
Significantly, Altice intends to insource some technical and customer care capabilities by taking control of Parilis and Intelcia. It also plans to launch both Altice Studios, to create original movies and series, and Altice Channel Factory, to create more new channels.
Michel Combes, CEO of Altice NV, said: “We are proud to further advance our Group transformation. Altice has been providing critical strategic and operational support to its subsidiaries enabling them to compete very successfully in their respective markets. As we have significantly grown in size and invested into new markets over the last two years, we are focused on ensuring that the entrepreneurial, innovative DNA and operational excellence at the core of the Altice model continue to benefit our businesses in the most optimal manner while taking full advantage of the global scale of the Group. Our updated strategy will significantly strengthen our subsidiaries and put them into an even better competitive position to provide our customers with best-in-class services across all of our markets.”
