Altice mulls US IPO
December 9, 2016
By Colin Mann
Multinational cable, fibre, telecommunications, contents and media company Altice has confirmed that it is exploring the possibility of an initial public offering (IPO) of a minority interest in its US operations, Altice USA.
“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,” said a company statement.
Altice USA provides residential and business services to more than 4.6 million customers across 20 states, offering digital cable television, high-speed Internet, voice, WiFi and data products and services to keep customers connected anywhere across any device.
For 2015, it reported revenues of $8.93 billion (€8.41bn).