The fourth-largest U.S. cable operator is pursuing a strategy that could help the company grow its subscriber base further.
“Altice N.V.’s Altice USA, which owns the former Cablevision Systems and a majority stake in fellow U.S. cable operator Suddenlink, on Tuesday filed for an initial public offering,” according to The Hollywood Reporter. “Altice USA is led by CEO Dexter Goei. An IPO would give the company stock that it could use to help it make further acquisitions over time.”
With its $17.7 billion acquisition of Cablevision last year, Altice became the fourth-largest U.S. cable operator behind Comcast, Charter Communications and Cox Communications. Cox has been the subject of speculation among analysts that it could be Altice’s next acquisition target.
“The company on Tuesday filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of shares of Class A common stock,” THR notes, adding: “The number of shares to be offered and the price range for the offering have not yet been determined.”