Altice USA Inc logo

ATUS WI - Altice USA Inc News Story

$17.71 0.0  0.1%

Last Trade - 08/06/18

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £7.10bn
Position in Universe th / 6858

Altice Europe drops bid interest in Israel's Partner Communications

Tue 31st March, 2020 6:20am
PARIS, March 31 (Reuters) - Telecoms and media company
Altice Europe  ATCA.AS  said on Tuesday that its subsidiary
known as 'HOT' had ended talks over the possible purchase of
Israel's Partner Communications  PTNR.TA .
    "Altice Europe confirms that its fully owned subsidiary HOT
has terminated discussions regarding the potential acquisition
of Partner Communications," Altice said in a statement.
    Altice Europe's HOT unit had initially offered to buy
Partner Communications in January, in what would have been the
first major merger in Israel's telecom sector and a new
acquisition for Altice's Franco-Israeli billionaire Patrick
    However, last week Partner Communications, which is Israel's
second-largest mobile phone operator, reported a 63% drop in
fourth quarter profit and warned of a negative impact ahead due
to the coronavirus outbreak.*:nL8N2BJ2Z2

 (Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)
 ((; +33 1 49 49 53 84;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.