Altice Europe’s shareholders have at an EGM approved Patrick Drahi’s buy-back of the remaining shares in the company.
Altice Europe has announced that Meo will file an appeal against a fine imposed by the Portuguese Competition Authority (PCA).
Altice Europe has conditionally agreed to a public offer of around €2.5 billion from Next Private, a company controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe.
Altice Europe has sold its 25% stake in the Portuguese tower company Omnel, held through its subsidiary Meo, to Cellnex for €200 million in cash.
Altice Europe’s revenues in France amounted €2,646 million in the third quarter, or 7.2% more than in the same period last year.
Altice Europe has closed the sale of a 75% stake in the newly formed Tower of Portugal to a consortium including Morgan Stanley Infrastructure Partners and Horizon Equity Partners.
Altice Europe is to sell equity stakes in its tower businesses in France and Portugal, retaining only minority holdings.