Netherlands-based Altice group confirms reports that it is “exploring the possibility” of selling the public a minority stake in its U.S. subsidiary, Altice USA.
The fourth-biggest cable operator in the United States after its purchase this year of Cablevision, however said that it has not reached decisions at this point on the structure or timing of the IPO.
Recently, Altice announced that it would build a next-generation fibre-to-the-home network capable of delivering speeds of up to 10Gbps across its footprint.
Founded by telecom entrepreneur, Patrick Drahi, Altice is a multinational cable, fiber,telecommunications, contents and media company with presence in four regions – Western Europe(comprising France, Belgium, Luxembourg, Portugal and Switzerland), the United States, Israel, and the Overseas Territories (currently comprising the French Caribbean, the Indian Ocean regions and theDominican Republic).
Altice provides very high speed based services (high quality pay television, fastbroadband Internet and fixed line telephony) and, in certain countries, mobile telephony services toresidential and corporate customers. Altice is also active in the media space with a portfolio of channels(News, Sports, Lifestyle etc.) as well as providing Premium content on nonlinear platforms; it alsoproduces its own original content (Series, Movies etc.).
