Altice Group Lux Sàrl (formerly Altice Europe N.V. and commonly known as Altice) is a Luxembourg-based multinational telecommunications and mass media company with official headquarters in Luxembourg, founded and headed by the French-Israeli billionaire businessman Patrick Drahi, and the second largest telecoms company in France, behind Orange.
It had a market capitalization of €13.7 billion in December 2017, and a market cap of less than €6 billion in June 2019, a 56% decline for the stock since Drahi financed the business with debt.[1][2] In 2016, the company had over 50 million internet, TV, and phone customers in Western Europe, Israel, the United States (where it formerly operated) and the Caribbean.[3] Altice formerly owned a subsidiary in the USA until that company, while retaining the Altice name, was spun off through an IPO in June 2019, making the former USA division independent from the rest of Altice but retaining the same chairman, Patrick Drahi, and the same logo.[4]