Add-on Acquisition • Media

Altice Europe Acquires Altice

On September 17, 2015, Altice Europe acquired media company Altice for 17.7B USD

Acquisition Context
  • This is Altice Europe’s 1st transaction in the Media sector.
  • This is Altice Europe’s largest (disclosed) transaction.
  • This is Altice Europe’s 1st transaction in the United States.
  • This is Altice Europe’s 1st transaction in New York.
Investment Fate
  • Altice was sold to a strategic buyer in 2017.

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M&A Deal Summary

Date September 17, 2015
Target Altice
Sector Media
Buyer(s) Altice Europe
Deal Type Add-on Acquisition
Deal Value 17.7B USD

Target Company

Altice

Long Island City, New York, United States
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.
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Buyer Overview 1

Buyer

Altice Europe

Woerden, Netherlands

Category Company
Founded 2001
Sector Communications
Revenue 14.8B EUR (2019)
DESCRIPTION

Altice Europe is a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/ Indian Ocean Area, and the Dominican Republic and Switzerland. Altice provides cable-based services (high-quality pay television, fast broadband Internet, and fixed line telephony) and, in certain countries, mobile telephony services to residential customers and corporate customers. Altice Europe was founded in 2001 and is based in Amsterdam, Netherlands.


Deal Context for Buyer #
Overall 6 of 8
Sector: Media 1 of 1
Type: Add-on Acquisition 4 of 6
State: New York 1 of 2
Country: United States 1 of 3
Year: 2015 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 Orange Dominicana SA

Piantini, Dominican Republic

Orange Dominicana SA is a mobile operator in the Dominican Republic.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Suddenlink

St. Louis, Missouri, United States

Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

Buy -