EBITDA, supplemented by the disposals of this transaction ", said owner Patrick Drahi.
For the latter, "this fantastic transaction with our long-standing partners at Morgan Stanley Infrastructure Partners will accelerate the Group's deleveraging towards its declared financial leverage objective. It will pave the way for major refinancing operations in 2020, which which will allow us to accelerate our announced debt interest reduction program. "
The latter has also set a target of 0.7 billion euros in annual savings to deflate the weight of it, which was estimated at about 31 billion euros in May.
Altice Europe has concluded numerous operations in recent years with the aim of reducing its debt. A bet seems to pay off for the operator, whose debt approached 50 billion euros in 2018. The holding company thus sold the Swiss subsidiaries Green.ch and Green Datacenter, internet access and service providers data centers and its wholesale telecoms (voice) activities in Europe and the Caribbean, but also its pylon activities in France and Portugal for 2.5 billion euros in cash.
certified fiber optic technician
Last February, the French branch of Patrick Drahi's group also sold 49.99% of its SFR FTTH fiber network activity to a consortium of investment funds led by the Dutch company Omers Infrastructures.
For the latter, "this fantastic transaction with our long-standing partners at Morgan Stanley Infrastructure Partners will accelerate the Group's deleveraging towards its declared financial leverage objective. It will pave the way for major refinancing operations in 2020, which which will allow us to accelerate our announced debt interest reduction program. "
The latter has also set a target of 0.7 billion euros in annual savings to deflate the weight of it, which was estimated at about 31 billion euros in May.
Altice Europe has concluded numerous operations in recent years with the aim of reducing its debt. A bet seems to pay off for the operator, whose debt approached 50 billion euros in 2018. The holding company thus sold the Swiss subsidiaries Green.ch and Green Datacenter, internet access and service providers data centers and its wholesale telecoms (voice) activities in Europe and the Caribbean, but also its pylon activities in France and Portugal for 2.5 billion euros in cash.
certified fiber optic technician
Last February, the French branch of Patrick Drahi's group also sold 49.99% of its SFR FTTH fiber network activity to a consortium of investment funds led by the Dutch company Omers Infrastructures.
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