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Altice Europe NV (ATCB.AS)

ATCB.AS on Amsterdam Stock Exchange

2.37EUR
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Altice USA Intends To Combine Suddenlink, Optimum Businesses Under Single Credit Silo
Tuesday, 2 Oct 2018 07:00am EDT 

Oct 2 (Reuters) - Altice Europe NV ::ALTICE USA ANNOUNCES ITS INTENTION TO COMBINE ITS SUDDENLINK (CEQUEL) AND OPTIMUM (CABLEVISION) BUSINESSES UNDER A SINGLE CREDIT SILO.ALTICE USA INC - COMBINATION IS EXPECTED TO BE LEVERAGE NEUTRAL FOR ALTICE USA.ALTICE USA - COMBINATION EXPECTED TO BE EFFECTED MAINLY BY EXCHANGE OF ORIGINAL NOTES INTO NEW CEQUEL SENIOR SECURED AND SENIOR NOTES BY SAME ISSUERS.ALTICE USA - COMBINATION ALSO EXPECTED TO BE EFFECTED MAINLY BY REFINANCING OF EXISTING CEQUEL CREDIT FACILITY WITH PROCEEDS OF NEW TERM LOAN AT CSC HOLDINGS.ALTICE USA INC - UNITS HAVE COMMENCED OFFERS TO EXCHANGE ANY AND ALL OUTSTANDING ORIGINAL NOTES ISSUED BY THEM.ALTICE USA - UNITS TO EXCHANGE UP TO $5.52 BILLION OF NEW NOTES AND IN CASE OF 5.375% SECURED NOTES DUE 2023, 5.500% SECURED NOTES DUE 2026, CASH.  Full Article

Altice's SFR Could Start Talks With Mediapro Regarding League 1 Rights-Altice France CEO
Wednesday, 30 May 2018 05:54am EDT 

May 30 (Reuters) - Altice NV ::FRENCH TELECOMS GROUP SFR GIVING ITSELF 3-4 YEARS TO MAKE ITS SPORTS-FOCUSED CHANNEL PROFITABLE, SAYS HEAD OF ALTICE FRANCE ALAIN WEILL IN NEWS CONFERENCE.ALTICE'S FRENCH UNIT SFR COULD START TALKS WITH SPAIN'S MEDIAPRO REGARDING LEAGUE 1 RIGHTS-ALTICE FRANCE CEO.SFR TO REVIEW POSSIBILITY OF MAKING BIDS FOR THE TWO LOTS THAT HAVE NOT YET BEEN ATTRIBUTED-ALTICE FRANCE CEO.  Full Article

Altice unlikely to achieve net debt target Of 4X EBITDA in 2019
Friday, 16 Mar 2018 10:59am EDT 

March 16 (Reuters) - Altice Europe ::ALTICE NV CEO SAYS TAKING ALTICE NV PRIVATE NOT ON OUR RADAR SCREEN.EUROPE CEO SAYS ALREADY SEEING SIGNIFICANT IMPROVEMENTS IN FIBRE, DSL CHURN IN FRANCE.EUROPE CEO SEES FRENCH CAPEX LOWER IN 2018.CEO SAYS INTERMEDIATE FRENCH CHURN TARGET MID-TEENS, LONGER TERM BELOW 10 PERCENT.CEO SAYS CONFIDENT OF MAKING MONEY FROM SPORTS RIGHTS ON FRENCH PREMIUM TV.CEO SAYS UNLIKELY TO ACHIEVE NET DEBT TARGET OF 4X EBITDA IN 2019.  Full Article

Altice USA Q4 Earnings Per Share $3.06
Tuesday, 27 Feb 2018 04:05pm EST 

Feb 27 (Reuters) - Altice Usa Inc ::ALTICE USA REPORTS FULL YEAR AND FOURTH QUARTER 2017 RESULTS.Q4 REVENUE ROSE 2.6 PERCENT TO $2.37 BILLION.REMAINS ON TRACK FOR ANTICIPATED SPIN-OFF FROM ALTICE N.V..‍REMAINS ON TRACK FOR ANTICIPATED SPIN-OFF FROM ALTICE N.V.​.QTRLY EARNINGS PER SHARE $3.06.ALTICE USA SAW TOTAL UNIQUE RESIDENTIAL B2C CUSTOMER RELATIONSHIP NET ADDITIONS OF +6K IN Q4 2017.QTRLY ADVERTISING REVENUE UP 9.9% PRIMARILY DUE TO INCREASE IN DIGITAL ADVERTISING REVENUE AND AN INCREASE IN DATA AND ANALYTICS REVENUE.Q4 REVENUE VIEW $2.37 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY PROGRAMMING COSTS UP 4.7% DUE PRIMARILY TO AN INCREASE IN CONTRACTUAL PROGRAMMING RATES.SEES FY 2018 REVENUE UP 2.5 TO 3 PERCENT.  Full Article

Altice USA Redeemed Outstanding $750 Mln Of 7.75% Senior Notes Due 2018
Friday, 16 Feb 2018 05:07pm EST 

Feb 16 (Reuters) - Altice Nv ::ALTICE USA SAYS ON FEB 16, UNIT REDEEMED OUTSTANDING $750 MILLION OF 7.75% SENIOR NOTES DUE 2018 - SEC FILING.  Full Article

CSC Holdings Announces Pricing Of Senior Guaranteed Notes
Tuesday, 16 Jan 2018 08:00am EST 

Jan 16 (Reuters) - Altice USA Inc ::CSC HOLDINGS, LLC ANNOUNCES PRICING OF SENIOR GUARANTEED NOTES.CSC HOLDINGS - PRICING OF OFFERING OF $1,000.0 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR GUARANTEED NOTES DUE 2028.  Full Article

CSC Holdings Announces Allocation Of New Incremental Term Loan Facility
Tuesday, 16 Jan 2018 08:00am EST 

Jan 16 (Reuters) - ALTICE NV ::CSC HOLDINGS, LLC ANNOUNCES ALLOCATION OF NEW INCREMENTAL TERM LOAN FACILITY.CSC HOLDINGS - ANNOUNCES PRICING, ALLOCATION OF NEW $1,500 MILLION INCREMENTAL TERM LOAN FACILITY UNDER EXISTING CREDIT AGREEMENT DATED AS OF OCT 9, 2015.  Full Article

Altice Says French Division's Revenue Declined By About 2 Percent In 2017
Tuesday, 9 Jan 2018 02:38am EST 

Jan 9 (Reuters) - Altice Nv ::ALTICE SAYS FRENCH DIVISION'S REVENUE DECLINED BY ABOUT 2 PERCENT IN 2017.ALTICE EXPECTS FRENCH UNIT TO GENERATE BETWEEN 1.6 AND 1.7 BILLION EUROS IN OPERATING FREE CASH FLOW IN 2018, UNDER NEW PERIMETER.  Full Article

Altice CEO Says New Reorganization Will Improve Transparency, Simplify Management Structure - Conf Call‍​
Monday, 8 Jan 2018 08:25pm EST 

Jan 9 (Reuters) - Altice Nv ::CEO SAYS ACQUISITION STRATEGY FOR ALTICE USA “CLEARLY NOT A FOCUS TODAY” - CONF CALL‍​.CEO SAYS COMPANY WILL LOOK AT OTHER NON-CORE DIVESTITURES - CONF CALL‍​.ALTICE CEO SAYS NEW REORGANIZATION WILL IMPROVE TRANSPARENCY, SIMPLIFY MANAGEMENT STRUCTURE - CONF CALL‍​.  Full Article

Altice N.V. Announces Altice USA Spin-Off, New Altice Europe Structure
Monday, 8 Jan 2018 06:24pm EST 

Jan 8 (Reuters) - Altice N.V. ::ALTICE ANNOUNCES GROUP REORGANIZATION, ALTICE USA SPIN-OFF AND NEW ALTICE EUROPE STRUCTURE.SAYS SEPARATION OF ALTICE USA FROM ALTICE NV TO BE EFFECTED BY SPIN-OFF OF ALTICE NV'S 67.2% INTEREST IN ALTICE USA.ALTICE FOUNDER PATRICK DRAHI TO CONTROL BOTH ALTICE EUROPE AND ALTICE USA‍​.SAYS ALTICE EUROPE TO REORGANIZE ITS STRUCTURE INTO ALTICE FRANCE, ALTICE INTERNATIONAL AND NEWLY FORMED ALTICE PAY TV SUBSIDIARY.POST-SEPARATION, DRAHI WILL SERVE AS PRESIDENT OF ALTICE EUROPE BOARD AND CHAIRMAN OF ALTICE USA BOARD.BOARD OF ALTICE USA APPROVED PAYMENT OF $1.5 BILLION CASH DIVIDEND TO ALL SHAREHOLDERS IMMEDIATELY PRIOR TO COMPLETION OF SEPARATION.ALTICE USA BOARD HAS AUTHORIZED SHARE REPURCHASE PROGRAM OF $2 BILLION, EFFECTIVE AFTER COMPLETION OF SEPARATION.SAYS PAYMENT OF $1.5 BILLION CASH DIVIDEND WILL BE FUNDED WITH AVAILABLE OPTIMUM REVOLVING FACILITY CAPACITY AND A NEW FINANCING AT OPTIMUM.ALTICE EUROPE REORGANIZATION TO INCLUDE INTEGRATING ALTICE'S SUPPORT SERVICES BUSINESSES INTO THEIR RESPECTIVE MARKETS.CO'S OWNERSHIP OF ALTICE TECHNICAL SERVICES U.S. TO BE TRANSFERRED TO ALTICE USA BEFORE COMPLETION OF SEPARATION FOR NOMINAL CONSIDERATION.ALTICE EUROPE REORGANIZATION TO INCLUDE BUNDLING ITS PREMIUM CONTENT ACTIVITIES INTO SEPARATELY FUNDED OPERATING UNIT WITH ITS OWN P&L.SAYS EACH CO SHAREHOLDER WILL BE ENTITLED TO RECEIVE 0.4163 OF A SHARE OF ALTICE USA COMMON STOCK FOR EVERY ALTICE NV SHARE.  Full Article

Deals of the day-Mergers and acquisitions

Oct 3 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: