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Altice to raise EUR 750 mln in Amsterdam IPO

2014-01-07 09:14:00| Telecompaper Headlines

(Telecompaper) European cable operator Altice has announced plans to list its shares on the stock market in Amsterdam. The company intends to list around a quarter of its shares, raising EUR 750 million for reducing debt. In addition to issuing new shares, the IPO will include the sale of shares by founder and executive chairman Patrick Drahi and other members of management. Altice controls the Israeli cable operator Hot, as well as Numericable in Belgium and Cabovisao in Portugal. It also recently acquired a large stake in Numericable France, during the latter's IPO. The company reported revenues of EUR 2.40 billion for the first nine months of 2013, up 1.1 percent from a year earlier, and EBITDA grew to EUR 1.02 billion from EUR 959 million. Cash flow, measured as EBITDA minus capex, was EUR 563 million. Altice counted 3 million cable customers and another 4.6 million mobile subscribers at the end of September, including its pending acquisition of Tricom and Orange's activities in Dominican Republic.

Tags: eur raise amsterdam ipo

 

Inland navigation vessels can now fuel with LNG in the Port of Amsterdam

2013-12-23 14:30:16| Green Car Congress

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GTC exhibited at the 3rd Annual Power Plant Flexibility and Optimisation in Amsterdam

2013-12-16 01:00:00| Power Technology

The exhibition was held at the Crown Plaza Hotel from November 26th to the 27th. GTC would like to thank those who attended and visited our booth and we look forward to providing you with service to meet your needs.

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UK: E&J Gallo rolls out New Amsterdam Vodka to UK

2013-12-03 17:48:00| Daily beverage news and comment - from just-drinks.com

E&J Gallo has launched its New Amsterdam Vodka brand in the UK.

Tags: to uk amsterdam rolls

 

Amsterdam Alcoholics Paid With Beer To Clean City's Streets

2013-11-20 16:20:41| IT Services - Topix.net

Amsterdam officials have the perfect incentive to help tame a group of rowdy alcoholics that have been causing trouble in a local park: Pay them with beer to clean the city's streets.

Tags: paid clean amsterdam beer

 

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