France’s TF1 & M6 to sell channels to Altice to secure merger deal approval

France’s TF1 and M6 and Altice Media have begun exclusive negotiations for the sale of two key entertainment channels owned by the broadcasters to Patrick Drahi’s group. TF1 is in talks to sell its TFX channel to Altice if TF1’s merger deal with M6 is approved. The sale will be conditional on approval of the […]

Altice abandons acquisition of Portuguese broadcaster Media Capital

Atlice has abandoned its attempt to acquire the leading Portuguese broadcaster and production group Media Capital in the face of lack of progress to secure regulatory approval of the deal. Altice said that, one year after signing the contract and with no outcome of the regulatory process in site, it was calling time on the […]

Altice to spin off US operation & reorganise European unit

Netherlands-headquartered telco Altice is to spin off its US operation and restructure its European and pay TV assets in a major reorganisation that saw its share price rise sharply. Company founder Patrick Drahi will take direct control of both European and US operations. Among the changes is a plan to turn Altice’s premium content activities […]

Drahi steps in as Altice CEO resigns

Michel Combes has resigned as Altice chairman and CEO following the company’s worse-than-expected quarterly results last week. Altice’s share price sank by a over a quarter following the results that highlighted a poor performance by French unit SFR in particular and spooked investors concerned about the company’s debt level. With Combes having fallen on his […]

Ampere: media giants’ debts are manageable

Debt levels at media giants such as Netflix and Sky are less significant than those of the doomed internet companies of the dot com bubble, according to a new study. The high levels of debt being incurred by the likes of Amazon, Altice and Verizon as well as significant regional players such as Sky, ITV […]

Altice in talks over TVI owner Media Capital

Cable and telecom group Altice is in ‘exploratory discussions’ with Iberian media group Prisa to take over the parent company of Portuguese national broadcaster TVI. Confirming the talks following a request by the Portuguese Securities Market Commission, the Commissão do Mercado de Valores Mobiliários, Altice said that it was discussing the potential acquisition of Prisa’s […]

Canal+ gains freedom to strike exclusive deals

France’s competition watchdog has removed the majority of restrictions placed on pay TV operator Canal+ originally imposed to greenlight its merger with TPS. This frees the operator up to strike exclusive premium channel deals with the likes ofBeIN Sports, as well as to retain exclusivity of series that it pre-finances. Citing the changing conditions of […]

Altice USA looks to raise $1.35bn in IPO

Cable and telecoms group Altice aims to raise some US$1.35 billion by listing its US business on the New York Stock Exchange. In a statement, Altice said it had launched an initial public offering (IPO) of 46.55 million shares, which it expects to price at between US$27 and US$31 per share. This would value the […]

SFR to launch new movies and series service

Altice-owned French service provider SFR is planning to launch a new premium service dedicated to movies and series aimed at a family audience. Altice CEO Michel Combes told Le Figaro that his group planned to ramp up its activity in movies and series with the launch of SFR Studio, a new channel dedicated to both, […]

New French OTT service launches

Altice-owned French service provider SFR is making its subscription video-on-demand service SFR Play available as a pure OTT TV offering, available to users in metropolitan France irrespective of which broadband service they take. The SVOD service will be available from €9.99 (US$10.80) a month without an ongoing subscription commitment, offering TV series, movies and kids […]

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