The French police, supported by Eurojust, have conducted raids on several homes and businesses in France as part of an investigation into
Read MoreOrange published its third-quarter results this morning. While there were limited remarks regarding its joint venture bid for Altice SFR, management clarified that
Read MoreAltice have already rejected the offer. We were initially sceptical when rumours circulated over the summer regarding a potential bid for Altice SFR. However,
Read MoreThe FT have a puff piece out on behalf of Altice SFR or their bondholders, reporting that the Company are seeking to relaunch the
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The Company maintains guidance that EBITDA less capital expenditure will increase for the full year 2025, primarily driven by a reduction in
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Please find our updated analysis of Altice International here.
We look forward to sharing a more detailed note post the Q2 numbers later this month, but some of you have requested a recapitalisation table, which we share in this analysis. As evidenced by current trading levels, an imminent restructuring may
Read MoreAltice France announces unanimous votes in favour of the draft accelerated safeguard plans. The hearing before the Commercial Court of
Read MoreWith summer underway, speculation has resumed. This morning’s press article references potential interest from Blackstone in a joint
Read MoreAs part of the restructuring process, Altice France SA filed for Chapter 15 yesterday. An initial hearing is expected today (Wednesday), with a
Read MoreThe Credit Derivatives Determinations Committee has ruled that the French telecommunications group’s debt restructuring constitutes
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Altice SFR France has made further progress in its financial restructuring, having secured majority support from its revolving
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Altice confirmed that 98% of creditors have supported the recent transaction which extended the maturities and partial writedown off outstanding debt. Pro-forma leverage now sits
Read MoreAlthough the cleansing documents from Altice France were not specifically mentioned, creditors and the market assume that the 50.1% XPFibre stake would be
Read MoreAltice France has confirmed it has received over 90% creditor support across all tranches of its debt before the expiration deadline on
Read MoreAltice France has received sufficient creditor consent to proceed with the proposed restructuring. However, they have extended the deadline to the
Read MoreWhat are the chances of the deal falling through at this stage? A group of 2029 bondholders are seeking to change some agreement terms, namely, to have only one
Read MoreWe had expected the announcement yesterday, but Altice the cleansing statement outlining the proposed deal only reached us today. Creditors have until March 12th to accede to the
Read MoreWe were expecting an announcement this morning from the Company confirming a proposed deal between creditors and the Company. Some details are emerging from
Read MoreDon’t get too excited. Press over the weekend reports that Altice is seeking to exit its fibre JV OXG with Vodafone. Firstly, this is Altice Luxembourg SA, the
Read MoreWhile we await the finalised restructuring proposal at Atlice France, S&P have downgraded Altice International's structure, with the Senior Secured Notes downgraded to CCC+ and the
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