Thread regarding Altice USA (Cablevision) layoffs

Altice to sell Swiss telecom solutions, data centre businesses

(Reuters) - Altice (ATCA.AS) has agreed to sell its Swiss telecommunications solutions business and Data Center operations, the telecoms and cable company said on Friday, as it seeks to reduce its 50 billion euro ($59.6 billion) debt burden.

The deal to sell AG and Green Datacenter AG to InfraVia Capital Partners valued the business at around 214 million Swiss francs ($217.5 million), or 9.9 times long-term adjusted EBITDA, and is expected to close in early 2018, it said in a statement.

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I think these guys want to show some movement to investors, but 214 million does not cover 59.6 billion. lol. Or maybe it was worth a billion but after the cost cutting its now worth less than 214 million lol.

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Lol 217 million is nothing.

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