Altice International Weighs Separate Deals for Portugal Assets [BNN Bloomberg (Canada)]
Altice USA, Inc. Class A (ATUS)
Last altice usa, inc. class a earnings: 2/12 04:05 pm
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Source: BNN Bloomberg
The telecommunications empire of Franco-Israeli billionaire Patrick Drahi has been looking to dispose of assets to deleverage the business after years of debt-fueled acquisitions. Altice's Portuguese assets include the carrier MEO as well as a stake in fiber-optic network Fastfiber, which it jointly owns with Morgan Stanley's infrastructure arm. “With all the discussions we had over the last months on the entire Portuguese perimeter, we may have seen some appetite for some of them,” Chief Financial Officer Malo Corbin said in a call with investors on Thursday. “But there is no concrete transaction or perimeter that we could discuss on this call.” Altice International has assets in Portugal, Dominican Republic and Israel. The Portuguese unit is at the center of a corruption investigation involving Armando Pereira, co-founder of Altice and Drahi's right-hand before his 2023 arrest. Earlier this month, the company agreed to dispose of its video advertising platform Teads SA in a $
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ATUS
Earnings
- 8/1/24 - Miss
ATUS
Sec Filings
- 9/4/24 - Form SC
- 8/1/24 - Form 10-K/A
- 8/1/24 - Form 10-Q
- ATUS's page on the SEC website