Altice USA Makes Plans for Potential Initial Public Offering

Reuters: Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink, is drawing up plans for a potential initial public offering. 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.