Patrick Drahi (Altice) eyes the Dutch KPN

by bold-lichterman

Bouygues Telecom refuses to be bought out. Never mind, Altice, the parent company of SFR-Numericable, is already looking elsewhere. “It would be a good thing if KPN were ours,” the Dutch newspaper told the Dutch newspaper on Friday. “From Telegraaf” its CEO for the international, Dexter Goei. “We are in a position to invest more each year in the Dutch network than is currently being done by KPN” he ​​added.

This Dutch telecommunications operator is still independent for the time being. But it has already whetted the appetite of another operator: Orange, we learned in early June. So far, KPN has reportedly not entered into talks with either of these two groups.

In the meantime, Altice is getting organized. The group chaired by Patrick Drahi announced on Friday the creation of a new subsidiary in the Netherlands, which will be listed on the Amsterdam Stock Exchange. Altice is also preparing to review the organization of its capital and legal structure in order to be able to prepare for new acquisitions.

The group founded by Patrick Drahi finalized on June 2 the acquisition of the Portuguese operator Portugal Telecom for 7.4 billion euros. This specialist in debt redemption had also taken over 70% of the American cable operator Suddenlink. This succession of acquisitions is not without impacting the financial health of the group: it has 33 billion euros in debt, for a stock market valuation of 32 billion euros.

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