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| Company type | Private |
|---|---|
| Industry | Telecommunications Mass media |
| Founded | 2001; 24 years ago (2001) |
| Founder | Patrick Drahi |
| Headquarters | Luxembourg City, Luxembourg |
Area served | Worldwide |
Key people | |
| Products | Cable television,Direct-broadcast satellite,broadcasting,broadband andtelephony services,mass media |
| Revenue | €2.54 billion(2017) |
| €2.845 billion(2017) | |
| €179.3 million(2017) | |
| Total assets | €88.39 million(2017) |
| Total equity | €30.00 million(2017) |
| Owner | Patrick Drahi (controlling shareholder) |
Number of employees | 47,143(2018) |
| Subsidiaries | Altice Dominicana Altice France Altice Portugal Hot |
| Website | www |
Altice Group Lux Sàrl (formerlyAltice Europe N.V. and commonly known asAltice) is a Luxembourg-basedmultinational telecommunications andmass media company with official headquarters in Luxembourg, founded and headed by the French-Israeli billionaire businessmanPatrick Drahi, and the second largest telecoms company in France, behindOrange.
It had a market capitalization of €13.7 billion in December 2017, and a market cap of less than €6 billion in June 2019, a 56% decline for the stock since Drahi financed the business with debt.[1][2] In 2016, the company had over 50 million internet, TV, and phone customers in Western Europe, Israel, the United States (where it formerly operated) and the Caribbean.[3] Altice formerly owned a subsidiary in the USA untilthat company, while retaining the Altice name, was spun off through an IPO in June 2019, making the former USA division independent from the rest of Altice but retaining the same chairman, Patrick Drahi, and the same logo.[4]
Altice bought several regional cable television operators in France from 2002 to 2007, merging them under the brandNumericable.
In 2009,Patrick Drahi increased his stake inHot, a cable television operator in Israel. Drahi completed the takeover in 2011, and offered to buy the remaining shares in 2012.[5][6][7][8]
In November 2013,Orange announced it was selling Orange Dominicana to Altice for $1.4 billion.
In March 2014, it acquiredSFR, France's second-largest mobile phone and Internet services company, fromVivendi.
In November 2014, France's competition watchdog approved a deal for Numericable to acquireVirgin Mobile France for €325 million.
In May 2015, Altice acquired a 70% controlling stake inSuddenlink Communications, which valued the seventh-largest US cable company at US$9.1 billion. The other 30% continues to be owned byBC Partners andCPP Investment Board.[9]
In May 2015, Altice was said to be launching a bid forTime Warner Cable, which has a US$45 billion market capitalization, following a failed bid byComcast.[9] It was instead acquired byCharter Communications.[10]
In June 2015 Altice acquiredPortugal Telecom[11] and soldCabovisão toApax France[citation needed] (later Seven2).
In June 2015, it was reported that Altice had offered €10 billion forBouygues Telecom, the third largest telecoms company in France.[12] Bouygues' board refused and as of March 2016, is considering merging with Orange.[13]
On 17 September 2015, it was announced that Altice would acquireCablevision, aBethpage,Long Island based cable provider for US$17.7 billion, including debt.[10][14]
In October 2015, it was announced that backing the Altice purchase of Cablevision, wereprivate equity firm BC Partners andCPPIB.[15]
In December 2016, Altice announced its deal to sellSFR Belux toTelenet for €400 million.
In March 2017, Altice acquired video ad tech firmTeads for US$307 million.[16] The company filed for IPO in July 2021.[17]
In May 2017, Altice andAltice USA unveiled a new logo and slogan, "Together Has No Limits", and announced that it would unify all of its telecom holdings under the singular Altice brand by mid-2018.[18][19]
Altice split from Altice USA in 2018.[20]
In September 2020, Drahi put on an offer of €2.5 billion to buy minority shareholders of Altice Europe and secure control of the company.[21] An increased bid was accepted in January 2021,[22] and the company delisted from the Euronext stock exchange.[23][24]
In June 2021, Altice acquired 12% ofBT.[25]
In December 2021, Altice acquired a further 6% stake inBT taking the total ownership to 18%.[26]
In August 2024, Altice sold its 24.5% stake in the British group British Telecom to the Indian telecom companyBharti Airtel. The total value of the transaction amounted to 3.5 billion euros.[27]
In June 2025, Altice France filed forChapter 15 bankruptcy protection, weeks after it also entered safeguard proceedings in France.[28]
On 12 February 2020, theUnited Nations published adatabase of all business enterprises involved in certain specified activities related to theIsraeli settlements in theOccupied Palestinian Territories, includingEast Jerusalem, and in the occupiedGolan Heights.[29][30] Altice has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting the maintenance and existence of settlements".[29][30] Theinternational community considers Israeli settlements built onland occupied by Israel to bein violation of international law.[31][32][33]
On 5 July 2021,Norway's largest pension fundKLP said it would divest from Altice together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank.[34]
