Finance

Altice N.V. Explores IPO of Minority Interest in Altice USA

European telecom company says no guarantee offering will happen 12/08/2016 12:22 PM Eastern

European telecom company Altice N.V. said it is exploring the possibility of launching an initial public offering of a minority interest in Altice USA.

 

Altice USA is the domestic arm of the Dutch-based telecom company. Altice USA has about 4 million cable customers, through its purchases of Suddenlink Communications ($9.1 billion) in 2015 and Cablevision Systems ($17.8 billion) in June.

 

Speculation has been high that Altice USA would eventually go public ever since it was formed. An IPO would give the cable operator a deal currency to do more deals. But it is unclear as to what the IPO would entail and details were sketchy.

 

“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,” Altic N.V. said in a statement.

 

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