Altice France gives creditors ultimatum over asset sale proceeds

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Altice France gives creditors ultimatum over asset sale proceeds

Nathan Mitchell's avatar
  1. Nathan Mitchell
  2. +Yusuf Sule
5 min read

“Why you think creditors should have to share the burden to get leverage down but equity holders should not” is a statement from a listener, which accurately sums up Altice France’s worrying Q4 23 conference call today (20 March).

Just as things were starting to go in the right direction for the distressed telco, management today announced that it is giving creditors an ultimatum.

According to management, participation in discounted transactions is required if creditors want to see the estimated €2.1bn proceeds from the data centres and Altice Media unrestricted asset sales.

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