Altice SA

Strategic Partnership Altice - CTT

Strategic Partnership Altice - CTT

 

Lisbon, 28th November 2014

Altice and CTT, the Portuguese postal services provider, have agreed today the terms of a partnership to develop and offer joint services in Portugal, subject to Altice's successful acquisition of PT Portugal. 

Altice recognises the strategic industrial expertise and management know-how in various areas complementary to the business of PT Portugal.  The partnership with CTT is expected to be mutually beneficial and generate significant value for both partners.   

Altice and CTT have agreed to work closely together to identify and develop areas of co-operation.  Amongst other things, the alliance with CTT will focus on co-operation in the distribution of telecommunications services and products and the development of new business ventures to address the growth of e-commerce and financial services in Portugal .

CTT has stated that it welcomes the opportunity to partner with Altice in Portugal  and tap into Altice's experience in the French market, where its subsidiary Numericable-SFR has a far reaching partnership with La Poste - which now has over 1 million mobile subscribers.

This agreement is subject to Altice being successful in the purchase of PT Portugal.

Contacts

Investor Relations:

Richard Williams (Altice) : [phone] / [e-mail]

 

Communication:

Arthur Dreyfuss (Altice) [phone] / [e-mail]

 

About Altice

We are a multinational cable and telecommunications company with presence in Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), Israel, the Dominican Republic and the French Overseas Territories (currently comprising the French Caribbean and the Indian Ocean regions). We provide cable based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services to residential and corporate customers. 

 

Altice [ATC] is listed on Nyse Euronext Amsterdam, ISIN LU1014539529.

Altice - CTT

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Source: Altice SA via Globenewswire

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