Altice - M&A Summary and Business Overview

MediaCompany

Altice M&A Summary

Altice has acquired 9 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Altice’s largest acquisition to date was in 2010, when it acquired Bresnan Communications for $1.4B. It’s largest disclosed sale occurred in 2013, when it sold Bresnan Communications to Charter Communications for $1.6B. Altice has acquired in 5 different US states. The Company’s most targeted sectors include media (43%) and communications (29%).

Altice Business Overview

Where is Altice headquartered?

Altice is headquartered in Long Island City, New York.

What is Altice’s revenue?

Altice disclosed revenue of 9,648M USD for 2022 and 10,091M USD for 2021.

How many employees does Altice have?

Altice has 11,000 employees.

What sector is Altice in?

Altice is a media company.

When was Altice founded?

Altice was founded in 2015.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity7
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 10

Altice

Altice USA, Inc.

1 Court Square West,
Long Island City, New York 11101
United States,
(516) 803-2300
www.alticeusa.com

Altice is a telecommunications, media and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 1 1 - - - 7
vol $2.2B $310M $2.5B
Sell (0.4/yr) # 2 1 - - 1 - 4
vol $1.6B $1.6B
  11

Most Recent M&A

Company Date Value Type
Cheddar Media, Inc. 2023-12-29 - Divestiture
New York, New York · www.cheddar.com
Morris Broadband LLC 2021-03-01 310M USD Add-on Acquisition
Hendersonville, North Carolina · www.morrisbroadband.com
Altice USA - Lightpath Fiber Enterprise Business 2020-07-28 - Stake Sale
Bethpage, New York · www.lightpathfiber.com
Service Electric Broadband Cable 2020-07-13 - Add-on Acquisition
Sparta, New Jersey · www.secable.com
Cheddar Media, Inc. 2019-04-30 200M USD Add-on Acquisition
New York, New York · www.cheddar.com
Audience Partners LLC 2017-03-02 - Add-on Acquisition
Washington, District of Columbia · www.audiencepartners.com
Bresnan Communications LLC (Optimum West) 2013-07-01 1.6B USD Divestiture
Purchase, New York · www.bresnan.com
Clearview Cinemas Theaters LLC 2013-06-27 - Divestiture
, United States
Bresnan Communications LLC (Optimum West) 2010-12-14 1.4B USD Add-on Acquisition
Purchase, New York · www.bresnan.com
Newsday LLC 2008-07-29 650M USD Joint Venture
Melville, New York · www.newsday.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Rainbow Media Holdings,LLC    - Sundance Channel LLC 2008-05-07 1
, United States , United States

M&A by Sector

Sector Buy # Value Sell # Value
Media 3 (43%) 2.0B (80%) 1 (25%) 1.6B (100%)
Communications 2 (29%) 310M (12%) 1 (25%) -
Digital Media 1 (14%) 200M (8%) 1 (25%) -
Internet Software and Services 1 (14%) - - -
Leisure - - 1 (25%) -
Total 7 $2.5B 4 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 7 2.5B 4 1.6B
  New York 3 2.2B 3 1.6B
  North Carolina 1 310M - -
  New Jersey 1 - - -
  Massachusetts 1 - - -
  District of Columbia 1 - - -
Total 7 $2.5B 4 $1.6B

Top M&A Advisors

Financial Deals
BofA Securities
3
Citigroup Investment Banking
3
Guggenheim Securities
2
Legal Deals
Sullivan & Cromwell
3
Hughes Hubbard & Reed
2
Mayer Brown
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 3 $1.2B
TOTAL $2.5B
Largest Bresnan Communications LLC (Optimum West)
$1.4B (2010-12-14)
sell # Total
> $1B 1 $1.6B
TOTAL $1.6B
Largest Bresnan Communications LLC (Optimum West)
$1.6B (2013-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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