Altice USA


Cheddar raises US$22m from Liberty Global, Antenna and others

Millennial-focused digital news service, Cheddar, has raised US$22 million in funding, with Liberty Global and Antenna Group coming on board as new investors. The US-based ‘post-cable network’ said it would use the cash to strengthen its balance sheet and to move into “Europe and beyond”. “We own all of our IP and now is the […]

Altice integrates Netflix across its Optimum footprint

Altice USA has integrated Netflix into its new Altice One platform, which is now available across its full Optimum footprint in the US. Altice One is a home connectivity hub that is designed to replace the traditional cable box, modem and router. It provides ultra high definition video, high speed broadband, WiFi and IP phone […]

Drahi takes charge as Altice moves to spin off US operation

Altice is to spin off its US operation and restructure its European and pay TV assets in a major reorganisation that saw its share price rise sharply. Company founder Patrick Drahi will take direct control of both European and US operations. Altice is to separate Altice USA from the parent company by spinning off its […]

Altice to de-lever, promises no new M&A as it seeks to end share slide

Altice has confirmed that it plans to de-lever its balance sheet and bring leverage down in line with or below its targets over time. It said it would not pursue “any new meaningful M&A opportunities” and would dispose of non-core assets, including its transmission tower portfolio. Altice said it had taken action to kick off […]

Altice USA aims to double in size in five years

Cable and telecom provider Altice Group’s US division aims to double in size over the next five years, but will adopt a cautious approach to M&A and will focus on the cable sector, according to CEO Dexter Goei, speaking at the Goldman Sachs Communacopia conference in New York. Goei said that Altice was open to […]

Altice USA makes top tech appointments

Altice USA has promoted chief technology officer Terry Cordova and brought over Altice France CTO Philippe Le May to fill his old position. Cordova becomes vice chairman, business development – network and technology services at Altice USA, which operates Optimum and Suddenlink-branded internet, TV and phone services in the states. He was previously executive vice […]

Altice ‘looking at Charter bid’

Altice and its US offshoot Altice USA are in the initial stages of putting together an offer to acquire number two US cable operator Charter Communications, according to various reports. According to CNBC, which first reported the move, citing unnamed sources, Altice is working with banks to finance a possible deal, which would involve a […]

Altice USA launches IPO

Cable and telecom group Altice’s US subsidiary has launched its IPO, offering 63,943,029 shares of its Class A common stock at a price to the public of US$30 (€27) per share Following the public offering, which will raise up to US$1.92 billion for the company, Altice will retain ownership of 70.3% of Altice USA’s common […]

Altice files IPO for US business

Altice has filed its planned IPO registration for its US arm with the US Securities and Exchange Commission (SEC). The number of shares to be offered and the price range for the offering have yet to be determined. The cable and telecom investment group has hired JP Morgan, Morgan Stanley, Citigroup and Goldman Sachs to […]

Altice boss Drahi reportedly preparing US IPO registration

Altice boss Patrick Drahi is preparing to kick of the process of floating a minority stake in his US operation by the end of this month, according to French press reports. According to financial daily Les Echos, Altice is preparing to publish its IPO registration by the end of April ahead of the flotation of […]