Altice, founded by French telecoms entrepreneur Patrick Drahi, said that it is “exploring the possibility of an initial public offering (IPO) of a minority interest in Altice USA”.
The US business mainly consists of two cable businesses, Cablevision, bought for $17 billion, and Suddenlink, bought for $9 billion, in 2015. Cablevision now operates under the Optimum brand. After the two purchases Dexter Goei, now CEO of Altice USA, said the company would pause its acquisitions.
Altice warned today: “No decisions have been taken at this point on the structure or timing of any IPO, and no assurance can be given that an IPO will be pursued.”
Altice owns French cable operator Numericable and mobile operator SFR, as well as Portugal Telecom, the former Orange Dominican Republic and a number of other operators worldwide.