Altice NV: Altice Increases its Stake in SFR Group
October 14 2016 - 1:00AM
Altice Increases
its Stake in SFR Group
Amsterdam, 14
October 2016 - Altice N.V. (Euronext: ATC & ATCB) announces
that it has agreed to acquire an aggregate number of 23,072,805 SFR
Group shares in private off-market transactions (representing 5.21%
of outstanding SFR Group shares). In consideration for these
acquisitions, Altice NV will deliver to the sellers an aggregate
number of 36,916,488 common shares A which it held previously as
treasury shares, reflecting an exchange ratio of 8 Altice common
shares A for 5 SFR Group shares.
Following settlement of these
transactions, Altice will hold directly and indirectly 82.94% of
the capital and 82.93% of the voting rights of SFR Group.
OVERVIEW OF
ALTICE
Founded by telecom entrepreneur,
Patrick Drahi, Altice is a multinational cable, fiber,
telecommunications, contents and media company with presence in
four regions - Western Europe (comprising France, Belgium,
Luxembourg, Portugal and Switzerland), the United States, Israel,
and the Overseas Territories (currently comprising the French
Caribbean, the Indian Ocean regions and the Dominican Republic).
Altice provides very high speed based services (high quality pay
television, fast broadband Internet and fixed line telephony) and,
in certain countries, mobile telephony services to residential and
corporate customers. Altice is also active in the media space with
a portfolio of channels (News, Sports, Lifestyle etc.) as well as
providing Premium content on nonlinear platforms; it also produces
its own original content (Series, Movies etc.).
Altice (ATCA & ATCB) is listed
on NYSE Euronext Amsterdam.
Contacts
Chief Investor Relations
Officer
Nick Brown: +41 79 720 1503 /
nick.brown@altice.net
Chief Communications
Officer
Arthur Dreyfuss: +41 79 946 4931 /
arthur.dreyfuss@altice.net
Altice Increases its Stake in SFR
Group
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Altice NV via Globenewswire
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