Indian telecoms conglomerate Bharti Global has acquired Patrick Drahi-controlled Altice UK’s stake in BT. In a Stock Market announcement, BT Group said that it noted that Bharti Global has reached agreement to acquire c24.5 per cent of the issued share capital of BT Group from Altice UK. Allison Kirkby, Chief Executive, said: “We welcome investors […]

Altice USA lost 291,000 video customers year-on-year amid industry-wide cord-cutting and TV viewers shifting online. It shed 72,800 in Q2. The cable operator finished the year with 2.02 million pay–TV subscribers. The company serves around five million residential and business cable customers across 21 US states and through its Optimum brand. To retain video customers, […]

At the end of the first quarter of 2024, there were 4.6 million pay-TV subscribers in Portugal, 88,000 more than in the same period last year (+2 per cent), the slowest growth since 2013. Most subscriptions (96 per cent) are bundled with other telecommunications services, with only 2 per cent sold alone, according to data […]

Rodolphe Saade, the French shipping tycoon has announced a deal to acquire French news channel BFM TV off Patrick Drahi’s debt-laden Altice group. Saade’s Marseille-based shipping company, CMA CGM, will acquire the French media unit of telecoms group Altice, which includes BFM TV as well as radio RMC, for €1.55 billion. The move will allow […]

Investigators are looking into the scandal that first surfaced in Portugal involving the Altice’s co-founder. French prosecutors are investigating potential corruption that could involve Altice, according to Bloomberg. In July 2023 the group’s co-founder, Armando Pereira, and other business associates were arrested in Portugal for running a suspected money laundering scam through procurement processes. Pereira […]

Paramount Global has become the first content maker to join Go Addressable, the trade body formed to push addressable advertising. Other members of Go Addressable, are Altice USA’s a4 Advertising, Charter’s Spectrum Reach, Comcast Advertising, DirecTV Advertising and Dish Media. “Go Addressable continues to find new ways to enhance, innovate and drive momentum behind this […]

Patrick Drahi’s Altice is considering an increase to his stake in BT, according to MSN. Already the biggest holder, Altice has built a 24.5 per cent stake in three tranches, most recently in May this year. Reporting says he is likely to target 29.9 per cent, above this he will be obliged to trigger a […]

Altice co-founder Armando Pereira has been detained in Portugal as part of an investigation into alleged corruption, tax fraud and money laundering. Altice’s Lisbon headquarters were raided by officers, according to local broadcasters. Altice Portugal is the country’s largest telecoms company and is part of the Dutch-based telecoms and cable group Altice. Portugal’s department of […]

Following the announcement on October 17th 2022, Vodafone Group has confirmed the completion of the sale of 50 per cent of its German FTTH company to Altice. The creation of the JV, called FibreCo, received European Commission approval in February 2023. FibreCo will deploy fibre-to-the-home to up to 7 million homes in Germany over a […]

Findings from Leichtman Research Group indicate that the largest pay-TV providers in the US – representing about 92 per cent of the market – lost about 5,880,000 net video subscribers in 2022, compared to a pro forma net loss of about 4,700,000 in 2021.The top pay-TV providers now account for about 70.2 million subscribers – […]