Altice Europe
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Patrick Drahi has succeeded in persuading Altice Europe’s shareholders let him take the company private. -
Patrick Drahi is to take Altice Europe private, he and the company announced this morning.
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The Canadian family that owns Cogeco and Cogeco Communications is opposing a US$7.8 billion bid from Altice USA to buy it outright and sell part of its operation to Rogers Communications.
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Alexandre Pébereau’s Tofane Global has completed the acquisition of the international carrier unit of Portuguese operator NOS.
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Altice Europe has completed the sale of 49.99% of its wholesale fibre operation in Portugal to Morgan Stanley, for an initial price of €1.57 billion.
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Altice Europe has dropped plans to for its existing Israeli operation, Hot Telecommunications, to buy rival operator Partner Communications for US$980 million.
Forthcoming events
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BT has had the worst performing share price of all major telcos since the beginning of 2020, though Veon, Altice Europe and Saudi Telecom (STC) are not far behind.
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Altice Europe has confirmed that it wants to buy Israeli mobile operator Partner Communications, though it will not say for how much.
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Cellnex Telecom has signed an agreement with Altice Europe and Belmont Infra Holding to acquire all of OMTEL’s towers and sites in Portugal for €800 million.
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Altice Europe subsidiary MEO has signed an agreement with Morgan Stanley Infrastructure Partners for the sale of 49.99% in Altice Portugal FTTH for €2.32 billion.
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Altice Europe’s SFR FTTH has entered into a exclusivity agreement with Cube Infrastructure Fund and Partners Group for the acquisition of Covage for €1 billion ($1.1 billion).
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Altice Europe is moving ahead with the planned sale of a stake in its fibre network in Portugal, according to 60% owner Patrick Drahi (pictured).
