High Stakes in High-Speed Networks
Altice France, founded in 2002, rose rapidly through strategic acquisitions and massive infrastructure investments. It has poured more than €4 billion into modernizing its networks over the past two years alone, aiming to stay ahead in a cutthroat telecom market.
Yet those ambitions came at a price. The aggressive capital strategy, once hailed as visionary, is now viewed as a millstone — dragging the company’s balance sheet into dangerous waters.
Despite this, the company’s core operations remain vast: serving over 26 million customers across France and raking in €10.4 billion in revenue in 2024, offering broadband internet, mobile, TV, and landline services.
Altice USA Not Affected — For Now
The filing makes clear that Altice USA is not involved in the current bankruptcy process. The U.S. arm remains operational and separate, avoiding the immediate fallout from its European sibling’s financial distress.
Still, the move is sending shockwaves through global telecom and investment communities, raising questions about future credit confidence and the sustainability of high-leverage telecom models in an era of economic tightening.
