Altice NV : Altice announces agreement to sell its Belgium and Luxembourg business
December 22 2016 - 1:30AM
Altice announces
agreement to sell its Belgium and Luxembourg business
Amsterdam,
December 22, 2016 - Altice NV (Euronext: ATCA, ATCB) announces
today it has entered into an agreement to sell its Belgium and
Luxembourg business, Coditel Brabant sprl, to Telenet Group BVBA, a
direct subsidiary of Telenet Group Holding NV. The transaction
values the business at an enterprise value of 400 million euros. In
addition, Altice Group will provide transitional services. The
transaction will be subject to regulatory review by the Belgian
authorities.
Contacts
Chief Investor
Relations Officer
Nick Brown: +41 79 720 15 03 / nick.brown@altice.net
Chief
Communications Officer
Arthur Dreyfuss: +41 79 946 49 31 / arthur.dreyfuss@altice.net
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.
Belgium Luxembourg Altice
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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