Altice intends to float on Amsterdam NYSE Euronext

January 7, 2014 10.29 Europe/London By Robert Briel

aAltice S.A, the holding company of the Numericable cable nets, has announced it intends to launch an IPO on the Amsterdam Stock Exchange.

The company plans to float a maximum of 25% of its shares and hopes to collect EUR750 million.

Altice currently operates in three regions: Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), Israel and the French Overseas Territories (comprising Guadeloupe, Martinique and French Guyana in the Caribbean region and La Réunion and Mayotte in the Indian Ocean region).

In addition, following completion of recently announced transactions, Altice is also present in the Dominican Republic.

As at September 30, 2013, after giving effect to the impact of the pending acquisitions in the Dominican Republic, Altice passed approximately 13.9 million homes with 3.0 million cable customer relationships, 6.6 million cable based RGUs, an average of 2.0 RGUs per cable customer relationship (excluding France), and 4.6 million mobile telephony RGUs.

Patrick Drahi, Executive Chairman of Altice, said in a statement: “We are delighted to announce Altice’s initial public offering and intention to list on NYSE Euronext in Amsterdam. The IPO has been a strategic priority of the group and will be an important milestone. I am especially proud that an entrepreneurial company like Altice has grown into the multinational cable business it is today.

“This is the right time for Altice to list given our strong track record of growth and excellent cash flow generation. This listing will provide investors with the opportunity to acquire an interest in a high-quality multinational cable company with a proven track record of value-creative M&A and a strategy to explore value-creative M&A opportunities going-forward.”