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Altice / Numéricable

In March 2008, Paris Orléans jointly invested 13.5M€ in Altice as part of the partial sale by Cinven to Carlyle of 38% of Altice's capital for around 1.1 B€.

In 2007, Altice generated sales of 1.2B€. Altice's activity is organised around a B2C division through Ypso, the cable leader in France, and a B2B division (Completel). The Ypso Group (Numericable, Est Video and Coditel) proposes a triple play offering (telephone + TV + Internet) aimed at individuals in France, Luxembourg and Belgium, and generated sales of 0.9B€ in 2007. Numericable covers more than 9.6 million households in France, i.e. around 37% of the French population. Completel was acquired in 2007 and offers ADSL to businesses. It posted sales of 0.3 B€ in 2007. The strategy used by the sponsors (Carlyle and Cinven) and the management mainly involves:

  •  pursuing the development of fibre optic services, which offers Numericable a key competitive advantage;
  • generating complementary sales opportunities and cost synergies through the linkup with Completel (B2B);
  • intensifying the Group's commercial deployment to individuals and businesses;
  • launching new offers, in particular an ADSL offering for individuals, a mobile virtual network operator service (MVNO), video on demand (VOD), etc.
As at june 30, 2008
Net asset value€13.5 million
Estimated value€13.5 million

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