Altice confirms talks on Cabovisao sale

Nieuws Algemeen Portugal 18 MAR 2015
Altice confirms talks on Cabovisao sale
Altice is negotiating the sale of Portuguese cable operator Cabovisao with various potential buyers, one of the founders of the French company, Armando Pereira, told reporters. According to the paper Publico, he said that Altice will sell Cabovisao, as it expects the competition regulator will require the divestment in order to grant approval for Altice's planned takeover of Portugal Telecom. A deal may be agreed soon, Pereira said. 

The manager added that Altice aims to maintain employment at PT after the takeover, but some layers of senior management may be reduced. Pereira confirmed the group will invest EUR 150 million annually in the next two to three years to provide the country with a fibre-optic network. 

Categories:

Algemeen

Companies:

Cabovisao,  Portugal Telecom,  Altice Europe

Countries:

Portugal

Tags:

Cable - Docsis, Internet Access, M&A buyouts & divestments

Related Articles

PORTUGAL 15 MAY 2015

Altice sees 15% drop in Q1 revenues in Portugal

Altice reported a 15 percent decrease in revenues in Portugal during the first quarter of 2015, from EUR 46.1 million to EUR 39 million. The result reflects a 10 percent decline in B2C revenues and a 22 percent decline in B2B and wholesale revenue. EBITDA fell from EUR 14.7 million to EUR 13.2 million due to a fall in cable customers and declining voice interconnection prices. The EBITDA margin increased from 31.9 percent to 33.9 percent, and capex was up from EUR 5.2 million to EUR 6.1 million. The cable r

FRANKRIJK 12 MAY 2015

Altice grows Q1 EBITDA 20% on French synergies

Altice reported first-quarter revenues down 3.3 percent year-on-year to EUR 3.263 billion, pro forma for its takeovers in France and the Dominican Republic. Revenue in its main market France fell 4.7 percent to EUR 2.737 billion, and revenue elsewhere was up 4.9 percent to EUR 527 million. EBITDA increased 20 percent to EUR 1.177 billion, as the company reaped the synergies of merging Numericable and SFR in France. It also benefited from expansion in the Dominican Republic and mobile growth in Israel. The E

PORTUGAL 21 APR 2015

Vodafone starts talks on Cabovisao bid - report

Vodafone has held early talks with Altice about buying Portuguese cable operator Cabovisao. Altice is required to sell Cabaovisao and its business operator Oni in order to gain regulatory approval for its takeover of PT Portugal. Several other parties, including strategic and financial bidders, have also expressed interest in acquiring one or both of the companies, a person familiar with the situation told the Financial Times. The sale process is at an early stage and is expected to last through the summer.

FRANKRIJK 21 APR 2015

Altice to roll out Docsis 3.1 with Cisco

Altice contracted Cisco to deploy Cisco's converged cable access platform (CCAP) across its multi-country footprint, with the first roll-outs being done in France. The deployment of this platform from Cisco allows Altice to build the foundation for a long-term evolution of its cable access architecture by taking advantage of the Docsis 3.1 capabilities of the Cisco Evolved CCAP platform. With the Docsis 3.1 capabilities of this new technology platform, Altice can scale the bandwidth offered to its growing b

PORTUGAL 25 MAR 2015

Vodafone still mulling acquisition of Cabovisao and Oni

The president of Vodafone Portugal has repeated that he will assess the opportunities created by the sale of PT Portugal to Altice, which will have to sell Oni and Cabovisao and whose purchase Vodafone may consider. In a statement to Reuters, Mario Vaz said that any decision on this issue will always be looked at and taken in time, in alignment with its shareholder. Vodafone has been seen as the leading candidate to purchase cable operator Cabovisao, as it will be able to add a fixed network to its mobile n

PORTUGAL 23 MAR 2015

Altice to put Oni up for sale by April - union

Altice will put up Portuguese telecom operator Oni for sale by April to help gain regulatory approval for its planned acquisition of PT Portugal, according to Dexter Goei, CEO of Altice. He announced the plans at a meeting with two trade unions of PT Portugal, reports Diario Economico. According to Jorge Felix, president of the union of workers of PT, the CEO of Altice highlighted the need for a major investment in broadband and fibre in order to reach the more than three million Portuguese whom PT Portugal

PORTUGAL 11 MAR 2015

Vodafone Portugal considers bid for Cabovisao

The CEO of Vodafone Portugal, Mario Vaz, confirmed the operator is considering the acquisition of Portuguese cable operator Cabovisao, owned by French group Altice, reports Jornal de Negocios. He said a deal cannot be ruled out, but would depend on the required conditions and the price. The sale of Cabovisao, which has a market share of less than 6 percent, may be one of the remedies required by Portugal's competition regulator following the purchase of PT Portugal by Altice. As the French group also owns C

PORTUGAL 5 MAR 2015

Cabovisao revenue down 13% in 2014

Portuguese cable operator Cabovisao saw revenue fall 13 percent in 2014 to EUR 182.8 million. This included an 11 percent decline in cable revenues to EUR 96.8 million and a 15 percent decline in B2B and other revenues to EUR 86.0 million. The cable customer base contracted by 7.6 percent to 219,000, mainly due to intense competition, with aggressive pricing policies adopted by competitors. Cable ARPU fell 1.5 percent to EUR 34.10. EBITDA was EUR 57.7 million, flat on 2013, while the EBITDA margin expanded

PORTUGAL 27 FEB 2015

Altice offers concessions to gain PT deal approval

French group Altice has offered concessions in an effort to gain European Commission competition approval for its EUR 7.4 billion bid to acquire PT Portugal from Brazilian operator Oi. According to the latest notificaation on the EC Competition website, the operator submitted unspecified concessions on 25 February. The EC set a deadline of 20 April to rule on the case. Altice has said it would be willing to consider selling some of its existing assets in Portugal in order to secure approval for the deal. It

PORTUGAL 18 FEB 2015

Cabovisao sale could win Altice PT bid clearance - union

The president of the Union of Workers of PT Group (STPT) said that Altice could solve any competition concerns over its proposed takeover of PT Portugal by selling its existing Portuguese assets, Cabovisao and Oni. Jorge Felix made the comment after a meeting with the National Communications Authority (Anacom), reports TVI. According to the union rep, Anacom said many of competition concerns could be resolved by the sale of Altice's existing assets to another operator. The union also prefers this option, w

PORTUGAL 2 FEB 2015

Altice to expand PT fibre network

French company Altice wants to increase the coverage of the fibre-optic network of PT Portugal in order to match or exceed rival Nos, reports Jornal de Negocios. Altice is considering co-investing in this expansion with other operators, similar to the agreement PT Portugal has in place with Vodafone. Separately, daily Publico reported that Altice is prepared to sell Portuguese operators Oni and Cabovisao to accelerate regulatory clearance for its planned takeover of PT Portugal. The CFO of Altice, Dennis Ok

PORTUGAL 18 DEC 2014

Altice open to sale of Cabovisao if required - report

Altice would sell its Portuguese cable operator Cabovisao in order to ensure regulatory approval of its planned acquisition of PT Portugal, reports Dinheiro Vivo. According to the publication's sources, Altice "is open to any remedies that regulators plan to impose". Altice owns Cabovisao since 2012 and bought a year later telecommunications operator Oni. The companies offer pay-TV services, internet and telephony for the residential and corporate markets and is the fourth-largest operator in the Portuguese

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.