French operator Numericable-SFR is dropping the Numericable and Virgin brands in order to bring all activities in France under the SFR brand.
Altice has announced that it has successfully priced $8.6 billion of new debt in connection with its acquistion of Cablevision Systems Corporation.
Altice has agreed to buy the US cable operator Cablevision from the Dolan family for an enterprise value of $17.7 billion, with the transaction expected to close in H1 2016 subject to regulatory and other customary approvals.
Michel Combes will become the new head of Altice, effective September 1.
Alain Weill, chairman, CEO, founder and main shareholder of NextRadioTV, and Patrick Drahi, chairman and founder of Altice have signed a strategic partnership.
The board of directors at French telco has unanimously rejected a bid for the company by Patrick Drahi’s Altice. It comes against a background of opposition from the governing socialist party.
Patrick Drahi’s Altice is offering to buy Bouygues Telecom for just over EUR 10 billion in cash.
Altice has signed a definitive agreement to buy a 70% stake in the US cable operator Suddenlink from its existing shareholders BC Partners, CPP Investment Board and Suddenlink management.
The European Commission has approved Luxembourg-based Altice’s €7.4 billion acquisition of the Portuguese assets of Portugal Telecom, after Altice agreed to sell its existing businesses in Portugal.
Vivendi has accepted the offer of Numericable-SFR and Altice to purchase Vivendi’s 20% interest in the telecommunications operator.