Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Altice USA Inc    ATUS

ALTICE USA INC

(ATUS)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Altice, Charter, DISH on DoJ shortlist for Sprint, T-Mobile assets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/13/2019 | 07:34am EDT

Altice USA, Charter Communications and DISH Network are among the leading bidders for assets that T-Mobile US and Sprint plan to sell in order to win regulatory approval for their USD26 billion merger, people familiar with the matter have informed Bloomberg. The companies are all on a shortlist of bidders favoured by the Department of Justice (DoJ), the sources confirmed, adding that the antitrust division would be comfortable with cable/pay-TV companies buying the assets because they are well positioned to become viable wireless competitors.

TeleGeography notes that Altice USA – which owns domestic cablecos Suddenlink and Cablevision – is poised to launch a Full MVNO over the Sprint network later this summer, while Charter entered the MVNO space in July 2018, leveraging an agreement with Verizon Wireless. DISH, meanwhile, has been stockpiling multi-band spectrum in recent years, although its wireless plans remain unclear. The potential acquisition of Sprint’s pre-paid unit, Boost Mobile, would give each player a leg-up in the wireless market.

As previously reported by TeleGeography’s CommsUpdate, in April 2018 T-Mobile and Sprint entered into a definitive agreement to merge in an all-stock transaction. They seek to create a company which will be 41.7% owned by T-Mobile’s parent Deutsche Telekom (DT, which would have overall control) and 27.4% owned by Sprint parent SoftBank Group Corp, with the remaining 30.9% in free float. Despite winning over Federal Communications Commission (FCC) chairman Ajit Pai, the long-running merger continues to face opposition from the DoJ, which believes that the agreed concessions are not sufficient to resolve its concerns.

(c) 2002-2019 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. 0.76% 3.205 Delayed Quote.87.05%
ALTICE USA INC 0.04% 25.71 Delayed Quote.55.63%
CHARTER COMMUNICATIONS INC -0.08% 407.53 Delayed Quote.43.01%
DEUTSCHE TELEKOM AG 0.65% 14.836 Delayed Quote.-0.55%
DISH NETWORK CORPORATION 3.37% 43.26 Delayed Quote.73.25%
T-MOBILE US 0.62% 78.14 Delayed Quote.22.84%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALTICE USA INC
07/12ALTICE USA, INC. : Entry into a Material Definitive Agreement, Creation of a Dir..
AQ
07/09ALTICE USA : to Hold Conference Call to Discuss Q2 2019 Results
BU
07/01ALTICE : Court Orders Dolan Case Against Altice Will Go to Trial
PR
06/17Sotheby's snapped up by French tycoon Drahi for $3.7 billion
RE
06/17PATRICK DRAHI : Sotheby's snapped up by French tycoon Drahi for $3.7 billion
RE
06/17Drahi says to keep focus on TMT businesses after Sotheby's deal
RE
06/13Altice, Charter, DISH on DoJ shortlist for Sprint, T-Mobile assets
AQ
06/07ALTICE USA : Statement on Transactions by BC Partners and Canada Pension Plan In..
BU
06/06ALTICE USA, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (..
AQ
06/06ALTICE USA : Completes Acquisition of Cheddar
BU
More news
Financials (USD)
Sales 2019 9 841 M
EBIT 2019 1 990 M
Net income 2019 348 M
Debt 2019 22 258 M
Yield 2019 -
P/E ratio 2019 45,8x
P/E ratio 2020 24,3x
EV / Sales2019 4,00x
EV / Sales2020 3,85x
Capitalization 17 080 M
Chart ALTICE USA INC
Duration : Period :
Altice USA Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALTICE USA INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 28,33  $
Last Close Price 25,71  $
Spread / Highest target 32,2%
Spread / Average Target 10,2%
Spread / Lowest Target -14,4%
EPS Revisions
Managers
NameTitle
Dexter G. Goei Chief Executive Officer & Director
Charles F. Stewart Co-President, Chief Financial Officer & Director
Abdelhakim Boubazine Co-President & Chief Operating Officer
Patrick Drahi Chairman
Philippe Le May Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALTICE USA INC55.63%17 080
VERIZON COMMUNICATIONS-1.32%229 532
NIPPON TELEGRAPH AND TELEPHONE CORP13.79%88 392
DEUTSCHE TELEKOM AG-0.55%78 163
SAUDI TELECOM COMPANY SJSC--.--%58 444
SINGAPORE TELECOMMUNICATIONS LIMITED20.96%42 231