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General

Altice needs a long-term strategy

Wednesday 22 November 2017 | 11:45 CET | Author: Tim Poulus | Market Commentary
"Altice seeks to reassure investors, plans disposal of non-core assets", according to recent news. The headline begs some questions: what went wrong, why are investors worried and has Altice sufficiently addressed the issues? Investors seem worried about the French market and possible M&A in the US. However, investing in fibre in France underpins a sound long-term strategy and M&A should not be ruled out completely. Altice's share price collapsed from over EUR 16 to under EUR 13 on 3 November 2017, after disappointing Q3 results. Rumors of directors and majority holder Next selling shares, as

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Categories: General
Companies: Altice / Iliad / Orange France / Portugal Telecom / SFR
Countries: France / Portugal / United States
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