Altice in Wonderland: A new player joins the pay TV global elite
Until 18 months ago two industry veterans and long-time sparring partners, John Malone and Rupert Murdoch where the two major pay TV figureheads, with US giant Comcast also registering a significant portion of global pay TV revenue at 9.3%. But now there are two new players: AT&T with a staggering 18% (following its acquisition of DirecTV), and Altice with just over 3%. For Altice, this is nothing short of a meteoric rise in only 18 months and has seen Altice transition from a private equity firm with a diverse range of smaller stakes to a multinational TV and communications company. Ampere Analysis peers through the looking glass to see how these new entrants might alter the market.
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