December 1, 2017 – Altice NV (Euronext: ATCA, ATCB) announces today it has entered into an agreement to sell its telecommunications solutions business and Data Center operations in Switzerland, green.ch AG and Green Datacenter AG, to InfraVia Capital Partners. green.ch AG provides private and business customers with internet connections, hosted, cloud and multimedia services and data backup solutions. Green Datacenter AG provides data center services for medium-sized and large companies in Switzerland, in Europe and throughout the world. The transaction values the business at an enterprise value of approximately 214 million CHF (9.9x LTM Adjusted EBITDA) and is expected to close in early 2018.
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About Altice N.V.
Founded in 2001 by entrepreneur Patrick Drahi, Altice is a convergent global leader in telecom, content, media, entertainment and advertising. Altice delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50 million customers over fiber networks and mobile broadband. The company enables millions of people to live out their passions by providing original content, high-quality and compelling TV shows, and international,
national and local news channels. Altice delivers live broadcast premium sports events and enables millions of customers to enjoy the most well-known media and entertainment. Altice innovates with technology in its Altice Labs across the world. Altice links leading brands to audiences through premium advertising solutions. Altice is also a global provider of enterprise digital solutions to millions of business customers. Altice is present in 10 territories from New York to Paris, from Tel Aviv to Lisbon, from Santo Domingo to Geneva, from Amsterdam to Dallas. Altice (ATC & ATCB) is listed on Euronext Amsterdam.
Overview of green.ch Group
The green.ch Group comprises the two companies green.ch AG and Green Datacenter AG. green.ch AG provides private and business customers with high-quality internet connections, hosted, cloud and multimedia services and data backup solutions. Green Datacenter AG provides data center services for medium-sized and large companies in Switzerland, in Europe and throughout the world. In total, the Group serves more than 100,000 customers in over 80 countries.