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The Latest Breaking News from Altice

Sotheby’s losses more than double to $248m as art market slumps

Sotheby’s also takes hit from hefty severance costs, despite its headcount only dropping by 24 employees

The Guardian - UK

NY Sports Fans Blocked From Knicks, Rangers Games In Dispute Between Altice And MSG Network

Optimum (Altice USA) has dropped MSG Networks from its channel lineup, leaving fans of the Knicks, Rangers, Islanders, and Devils without access to live coverage of their teams.

International Business Times

Farewell, Patrick Drahi from BT – who won’t be missed

Long-term intentions of stake’s new owner Bharti are unclear but it should be told it cannot own the company outright

The Guardian - UK

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India’s Bharti to buy 24.5% BT stake from Patrick Drahi’s Altice

Embattled French tycoon to raise funds through deal with billionaire Sunil Bharti Mittal’s conglomerate

The Guardian - UK

Altice USA Earnings Fall in Q2 Amid Broadband, Video Subscriber Losses

Company adds fiber, mobile customers

Multichannel News

Google Fiber and Muni Broadband Rank Atop Consumer Reports’ ISP Survey, While Comcast, Mediacom and Altice Scrape the Bottom

Fiber soundly beats cable in overall customer satisfaction

Broadcasting & Cable

Altice USA Drops Bally Sports RSNs From Its Optimum Cable TV Service

In the latest distribution blow for bankrupt operator Diamond Sports Group, 11 of its channels are blacked out on a pay TV service reaching 2 million subscribers

Multichannel News

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Altice USA Rebrands a4 Ad Unit as Optimum Media

Business offers data-driven advanced advertising campaigns

Multichannel News

Altice Reports Q1 Loss as Broadband, Video Subs Decline

78,000 video customers cut the cord

Multichannel News

Altice USA’s Dennis Mathew on Spulu: ‘We Want Our Linear Customers To Have Access to These Types of Solutions’

CEO also says he doesn't want to be ‘distracted’ by Charter acquisition talk

Broadcasting & Cable

A Potential Altice USA Purchase 'Makes Sense' for Charter, But Comcast Should Kick the Tires, Too, Analyst Says

New Street Research's Jonathan Chaplin says it would be 'irresponsible' or Comcast not to also take a look at buying the currently deflated New York cable company. T-Mobile might also consider making a run, he added

Broadcasting & Cable

Altice Shares Jump on Charter Buyout Report

Cable operator’s stock up 40% to $2.61 a share

Multichannel News

Altice USA Stock Perks Up in After-Hours Trading as Cable Company Meets Q4 Forecasts

But analyst Craig Moffett is concerned that price cuts meant to rekindle flagging broadband customer growth might also crater ARPU

Broadcasting & Cable

Altice USA Sets Huge Broadband Price Cuts: 36% Off on 300 Mbps FTTH

The struggling cable operator is trying to undo an overzealous era of cost-cuts and consumer price increases

Multichannel News

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Broadcasting & Cable

Altice USA CEO Dennis Mathew: Struggling Cable Operator Is Learning to Compete Against Fixed Wireless

He said Altice’s ‘win share’ vs. FWA was up 4% in the third quarter with improvement of the company's sales execution

Multichannel News

Altice USA Renews Distribution Agreement With NFL Media

NFL Network, NFL RedZone will continue to be available to subscribers

Broadcasting & Cable

Altice Chief Patrick Drahi Says He’s Shocked — Shocked! — by Portuguese Procurement Scandal

The center of an investigation, Altice co-founder Armando Pereira, is Drahi’s top lieutenant. Under house arrest, he has denied any wrongdoing

Multichannel News

Altice USA Looks to Kickstart Growth Following Accelerated Broadband Customer Losses in Q1

Altice USA hopes that 8-gig fiber and mobile bundling turn the trajectory for its residential broadband business, which lost another 19,000 customers

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Evening Standard

BT takeover could be back on after govt waves through French billionaire stake

THE chances of a £20 billion takeover of BT by French billionaire Patrick Drahi grew today when the government waved away security concerns and said it would take “no further action” over his 18% stake.

StockNews.com

Altice USA: Down 30% YTD, is Now a Good Time to Buy?

Altice USA’s (ATUS) shares are down more than 30% in price year-to-date based on its poor fundamental performance. So, let’s evaluate if it is worth adding the stock to one’s portfolio in the face of rising competition in the broadband communications market. Read on.

Benzinga

Two Major Tech Deals Come Under UK Government Scrutiny

The U.K. will review Altice USA Inc's (NYSE:ATUS) increased stake in BT Group plc (OTC:BTGOF) after Business Secretary Kwasi Kwarteng exercised new takeover powers focusing on national security, reports CNBC. The company announced that the U.K. Business Secretary Kwasi Kwarteng is "calling in" its deal with Altice, which telecom magnate Patrick Drahi owns. BT Group said it…

The Guardian - UK

Kwasi Kwarteng to review French billionaire’s BT stake over security concerns

Business secretary intervenes after biggest shareholder Patrick Drahi raised stake in UK telecom giant to 18%

Evening Standard

FTSE 100 Live: Drahi’s BT stake under scrutiny, Johnson Matthey and Auto Trader results

An 18% stake held in BT by French billionaire Patrick Drahi’s Altice business was today called in for scrutiny under the National Security and Investment Act.

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