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Cable/Video

Eurobites: Altice Sheds Cable Assets in Portugal

Also in today's EMEA regionl roundup: Liberty makes concessions on BASE deal, plays tennis with Vodafone; 1-Gig broadband in Ireland.

  • Altice , the acquisitive French group now headed up by former Alcatel-Lucent (NYSE: ALU) CEO Michel Combes, is playing against type by agreeing to sell two Portuguese cable operators. The value of the proposed sale, of Cabovisão S.A. and ONI to private equity fund Apax France, has not been disclosed. The sale of existing cable assets was a condition of its acquisition of Portugal Telecom in January. (See Eurobites: Portugal Telecom Set to Decide on Altice Sale and Ex-AlcaLu Boss Tasked With Bolstering Altice.)

  • The US-based international cable giant Liberty Global Inc. (Nasdaq: LBTY) has offered concessions to the European Commission in a bid to secure regulatory approval of its proposed takeover of BASE , the Belgian mobile subsidiary of Dutch incumbent KPN Telecom NV (NYSE: KPN). Reuters reports that Liberty submitted its fresh proposals on Monday, though the details have not been made public.

  • In similar territory, Liberty boss John Malone has revealed to Bloomberg that talks with Vodafone Group plc (NYSE: VOD) about a possible takeover of the UK-based mobile operator have reached a stalemate, comparing their dealings to a "tennis match" of ideas -- possibly one in the Isner versus Mahut mold. (See Vodafone in Asset-Swap Talks With Liberty.)

  • Irish operator eir (the new trading name of eir ) has launched 1Gbit/s FTTH broadband in 15 communities across the country, encompassing 23,000 homes and businesses. Customers wanting the full 1-Gig experience will have to cough up €87 (US$98) per month.

  • BT Group plc (NYSE: BT; London: BTA) has bolstered its security offering with the launch of a new "ethical hacking" service. The service uses methods that mimic malicious attackers to test the various entry points of a bank's IT systems.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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