Altough this company had a huge hit last days, I believe this might be a very interesting time to buy.
They are selling their position on Dominican Republic telecom company, telecom towers across Europe and mobile assets, starting in 2018.
The debt that you mention is garanteed by 85% with flat rate, so the debt it's not going to grow exponencialy, and the most important payment only happens in 2022.
All of this info was written by their CEO, to they're Portuguese employees of Portugal telecom, in an internal memo.
I already bought Altice options, because I really believe that they can pass this storm quietly, and in six months they're options are going to worth 23€/each again...
By the way, I don't work to Altice, neither any of the subsidiaries. So it's just an opinion based on my trading experience, and information I had at the time.
They are selling their position on Dominican Republic telecom company, telecom towers across Europe and mobile assets, starting in 2018.
The debt that you mention is garanteed by 85% with flat rate, so the debt it's not going to grow exponencialy, and the most important payment only happens in 2022.
All of this info was written by their CEO, to they're Portuguese employees of Portugal telecom, in an internal memo.
I already bought Altice options, because I really believe that they can pass this storm quietly, and in six months they're options are going to worth 23€/each again...
By the way, I don't work to Altice, neither any of the subsidiaries. So it's just an opinion based on my trading experience, and information I had at the time.