Altice USA said it will consolidate several local offices in the New York metropolitan area, moving its headquarters to Long Island City, Queens and relocating employees from several satellite offices in the region to its Bethpage, N.Y. site.
Altice USA, which purchased Cablevision Systems in May 2016, recently filed for an initial public offering of stock that could raise as much as $1.4 billion. The company has several locations throughout the New York metro area and these moves are to better utilize its space.
The company is currently in final discussions for lease space in Long Island City for its headquarters. It has not been determined how many people will be located in the new space, but the goal is to move corporate functions to Long Island City by the end of the fourth quarter. Altice began notifying employees of the changes today to ensure a smooth transition.
The company’s sprawling Bethpage campus, which served as Cablevision corporate headquarters for several years, will be dubbed the Operations Center, serving customers in 21 states. The facility has been vastly underutilized in the past three years and the company plans to consolidate about five other offices in the Bethpage area to that campus – mostly local engineering and tech groups and News 12 – that will bring that facility to full capacity. That transition – expected to begin in 2018 and conclude by the end of 2019 – will involve future enhancements to the building, including a new News 12 studio and more modern and collaborative spaces.
Altice USA also will consolidate its mid-town Manhattan office to the Long Island City headquarters ocation.
“As a leading New York employer, Altice USA is pleased to establish our Bethpage facility as a core Altice USA Operations Center and to continue making an impact in the local community, Altice USA spokeswoman Lisa Anselmo said in a statement. “We remain committed to our presence on Long Island, and to creating a collaborative work environment for our employees to help expedite innovation and technology advancements for our customers. At the same time, we are excited to join the Long Island City community and to establish Long Island City as the company’s corporate headquarters. Long Island City is a vibrant and growing business location, and we look forward to creating a great place to work for employees.”