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Altice juni 2018

826 Posts
Pagina: «« 1 ... 27 28 29 30 31 ... 42 »» | Laatste | Omlaag ↓
  1. [verwijderd] 19 juni 2018 13:20
    Business News
    June 18, 2018 / 10:18 PM / Updated 15 hours ago
    Exclusive: KKR close to signing deal for Altice's telecom towers - sources
    Andrés González, Pamela Barbaglia

    MADRID/LONDON (Reuters) - Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.
    FILE PHOTO: Altice and SFR logos, March 20, 2018. REUTERS/Benoit Tessier/File Photo

    Under the deal, which is being finalised, KKR will use its infrastructure fund to take a minority interest in Altice’s towers subsidiary in France, the sources said.

    The U.S. buyout group has trumped rival bids from private equity firm Blackstone (BX.N) and a consortium led by the infrastructure investment arms of insurers Allianz (ALVG.DE) and Axa (AXAF.PA) which also made it to the final stages of the auction, the sources said.

    KKR declined to comment while Altice and the other bidders were not immediately available for comment.

    Altice, whose debt equals more than twice its annual revenues, is rushing to finalize a series of non-core disposals involving telecoms towers in France and Portugal and its entire operations in the Dominican Republic.

    Its founder Patrick Drahi has pledged to shift the company’s focus from large acquisitions to sales growth and debt management.

    The group’s French masts could be valued at about 4 billion euros, according to estimates by RBC analysts, representing a multiple of 20 times its core earnings.

    Altice’s SFR division has around 20,000 tower sites in France although some of these assets belong to a joint venture platform with French mobile firm Bouygues (BOUY.PA).

    The tower auction, which kicked off earlier this year, attracted interest from several heavyweight investors with Allianz and Axa joining a consortium with Digital Colony and Abu Dhabi Investment Authority, the sources said.

    For KKR this is not the first minority deal in the telecom towers industry. Last year, it bought a 40 percent stake in Telefonica’s telecom masts subsidiary Telxius for 1.3 billion euros.

    As part of the Telxius deal, KKR also gained significant exposure to an international network with approximately 65,000 kilometers of submarine fiber optic cables.

    Altice’s reorganization, which involves the spin off of Altice’s U.S. arm, is expected to complete toward the end of June and proceeds from the various auctions will be used to cut debt which rose to around $60 billion following a series of big ticket deals.

    In the United States, Drahi spent $28 billion in 2015 to buy cable companies Suddenlink and Cablevision, and even flirted with a $185 billion bid for cable giant Charter.
  2. forum rang 4 Jonge_belegger 20 juni 2018 08:56
    quote:

    RvdL86 schreef op 20 juni 2018 08:51:

    [...]

    Volgens mij is je vriend zojuist wakker geworden.....
    Man man, hou op :) Daar gaan we idd weer. Eerst zou er vrijdag nabeurs een bod komen, toen het weekend, toen 'kon het al vanaf maandag'. Nu verwacht meneer een plus van 35% op een bericht van verkoop masten. Ongelooflijk wat een prutser.
  3. [verwijderd] 20 juni 2018 12:17

    'Altice dicht bij verkoop masten Portugal'
    Gepubliceerd op 20 jun 2018 om 12:12 | Views: 0 | Onderwerpen: Portugal

    Artikel
    Reacties
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    inShare
    ALTICE EUROPE N.V. 11:57
    3,37 +0,03 (+1,02%)

    PARIJS (AFN/BLOOMBERG) - Altice Europe is dicht bij een verkoop van circa 3000 telecommasten in Portugal aan de Amerikaanse bank Morgan Stanley. Dat meldden ingewijden.

    Met de verkoop zou een bedrag zijn gemoeid van minstens 600 miljoen euro. Mogelijk kan woensdag al een officiële bekendmaking naar buiten komen. In januari werd gemeld dat Altice keek naar een verkoop van de Portugese telefoonmasten om zo de hoge schuld terug te dringen.

    Die 600 miljoen klopt geen snars van

826 Posts
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