Altice International Weighs Split Deals for Portugal Assets
- Company reports drop in earnings, revenue for second quarter
- Altice to use Teads proceeds for revolving credit facility
Altice International has assets in Portugal, Dominican Republic and Israel.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
Altice International is considering selling the infrastructure assets of its Portuguese business separately after a plan to dispose of the entire unit stalled.
The telecommunications empire of Franco-Israeli billionaire Patrick Drahi has been seeking to dispose of assets to deleverage the business after years of debt-fueled acquisitions. Altice’s Portuguese assets include the carrier MEO as well as a stake in fiber-optic network Fastfiber, which it jointly owns with Morgan Stanley’s infrastructure arm.