je.st
news
Tag: altice
Altice sells 1.8bn worth of new shares for Cablevision deal
2015-10-01 02:00:00| Total Telecom industry news
French company also prices $8.6 billion in new debt for U.S. acquisition.
Altice pauses acquisition spree
2015-09-25 08:30:00| Telecompaper Headlines
(Telecompaper) Altice CEO Dexter Goei said the company will take a break from its acquisition spree, following the agreement to buy Cablevision. "We owe it to our investors, both on the debt and equity side, to pause on the pace of the acquisitions, particularly on the sizable ones," Goei said in an interview with Bloomberg. The pause could be a few months to a couple of years. "Six to nine months is nothing. We may pause for two years because we still have a huge amount of organic growth internally," Goei said. "The only thing that would make us scratch our heads is if Cox came up and said 'I'm going to auction my business.'" Cox Communications spokesman Todd Smith said the company was not for sale, "though we are open to anything that would help us grow." By taking a breather on more acquisitions, Altice has a chance of managing the current costs and building up its cash supply to help pay down debt next year, Goei said, noting "we can see ourselves deleveraging very aggressively in 2016".
Tags: acquisition
spree
pauses
altice
Altice hits pause on shopping spree
2015-09-25 02:00:00| Total Telecom industry news
European cable group keeping half an eye on Cox Communications.
Tags: shopping
hits
pause
spree
Altice buys Cablevision in $17.7bn deal
2015-09-17 09:13:52| BBC News | Business | UK Edition
European telecoms firm Altice agrees to buy US cable TV firm Cablevision in a deal worth $17.7bn (11.4bn).
Tags: deal
buys
cablevision
altice
Altice agrees to buy Cablevision for USD 17.7 billion
2015-09-17 07:14:00| Telecompaper Headlines
(Telecompaper) European telecom group Altice has reached a definitive agreement to acquire US operator Cablevision Systems for USD 17.7 billion in cash, at a price of USD 39.40 per share. This is Altice's second step in the US market, after its announced acquisition of Suddenlink in May. Cablevision is the leading cabler in the New York metro area (New York, New Jersey, Connecticut) and has 3.1 million residential and business customers out of over 5 million premises passed by its network. The transaction will be financed with USD 14.5 billion of new and existing debt at Cablevision, cash on hand at Cablevision and USD 3.3 billion of cash from Altice. BC Partners and CPP Investment board have an option to participate for up to 30 percent of Cablevision. Altice intends to raise equity by issuing Class A shares and has received full financing commitments from JP Morgan, BNP Paribas and Barclays. The transaction is expected to close in the first half of next year. The shareholders of Cablevision, which is owned by the Dolan family, have approved the transaction, said CEO James Dolan. The family will still own AMC Networks and Madison Square Garden after the Cablevision sale.
Sites : [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] next »