Suddenlink buyer plans IPO
Altice, the cable operator that bought Suddenlink for $9.1 billion at the end of 2015, is planning an initial public offering for its Altice USA subsidiary.
According to Reuters, the move would allow Altice's founder, French billionaire Patrick Drahi, to expand his budding U.S. cable empire by giving Altice USA public stock that it can use as currency to help finance more acquisitions.
Altice USA, which is valued at between $25 billion and $30 billion, was formed when Altice combined Suddenlink...