KKR declined to comment while Altice and the other bidders were not immediately available for comment.
Altice, whose debt equals more than twice its annual revenues, is rushing to finalize a series of non-core disposals involving telecoms towers in France and Portugal and its entire operations in the Dominican Republic.
Its founder Patrick Drahi has pledged to shift the company's focus from large acquisitions to sales growth and debt management.
Lock them up lock them up lock them up now. Cant wait. Then were going to see them featured on American Greed. Lock them up lock them up.
Nicle said Wolf of wall Street there should be a lawsuit against the company for tricking us techs
After hearing that they are selling their operations in Dominica Republic. We ATS and Altice employees would be highly ecstatic, overjoyed and relieved that all of ATUSA and ATS Corperate heads are arrested for multiple charges of lying to investigators, defrauding investors, lying and manipulating employees about signing on over to a bogus new company in order to get rid of employees under Cablevision/Altice payroll in order to manipulate its finacial status and stock values. And to top it off. The company has to be sold to a more reputable MSO operator who khows how to operate communications cable company. The SEC has already launched a serious investigation into ATUSA operations and its officers so everyone look out for arrests coming soon near you. Time is ticking tick tock tick tock.
https://www.ft.com/content/16904660-261b-11e8-b27e-cc62a39d57a0
Altice employees must be going crazy after hearing this, no?
Curious it's all over the news.
How did you found out about this, were you at the meeting?