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Altice NV (ATCB.AS)

ATCB.AS on Amsterdam Stock Exchange

9.10EUR
22 Jan 2018
Change (% chg)

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€9.10
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613,980
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€23.40
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Tue, Jan 9 2018

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Drahi hits Altice reset button to court wary investors

PARIS/NEW YORK Altice founder Patrick Drahi is reshaping his telecoms and cable group for the second time in as many months by splitting its U.S. and European operations, hoping to end a drastic downward share-price spiral. | Video

Factbox: How Altice built its business through series of deals

Telecoms and cable group Altice NV is separating its U.S. and European operations to try to reassure investors alarmed by its high debt and low revenue generation, especially in its core French telecoms business.

Drahi hits Altice reset button to court wary investors

PARIS/NEW YORK Altice founder Patrick Drahi is reshaping his telecoms and cable group for the second time in as many months by splitting its U.S. and European operations, hoping to end a drastic downward share-price spiral. | Video

UPDATE 6-Drahi hits Altice reset button to court wary investors

* Shares had slumped last year on concerns (Adds Altice CEO comments, bond reaction, closing share price)

LPC-Altice loans rebound on reorganisation announcement

Jan 9 Netherlands-listed telecom group Altice’s leveraged loans rebounded strongly in Europe’s secondary loan market on Tuesday, on the back of the firm’s announced reorganisation on Monday that will see the US business spun off to existing shareholders.

Retailers push European stocks higher, FTSE 100 recovers

LONDON, Jan 9 European shares gained further ground on Tuesday, rising to new 2 1/2 year highs as consumer sectors got a boost from strong retailer results, and indebted telecoms group Altice surged on plans to spin off its U.S. business.

Altice NV shares surge on plans to spin off U.S operation

PARIS Shares in telecoms and cable group Altice rose on Tuesday after Altice said its board had approved plans to spin-off its U.S. unit from its European operation.

BRIEF-Altice Says French Division's Revenue Declined By About 2 Percent In 2017

* ALTICE SAYS FRENCH DIVISION'S REVENUE DECLINED BY ABOUT 2 PERCENT IN 2017

Altice NV shares surge on plans to spin off U.S operation

PARIS, Jan 9 Shares in telecoms and cable group Altice rose on Tuesday after Altice said its board had approved plans to spin-off its U.S. unit from its European operation.

BRIEF-Altice CEO Says New Reorganization Will Improve Transparency, Simplify Management Structure - Conf Call‍​

* CEO SAYS ACQUISITION STRATEGY FOR ALTICE USA “CLEARLY NOT A FOCUS TODAY” - CONF CALL‍​

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