AMSTERDAM--(EON: Enhanced Online News)--Altice N.V. (Euronext: ATC NA, ATCB NA) today announces that it is exploring the possibility of an initial public offering (IPO) of a minority interest in its U.S. operations, Altice USA. No decisions have been taken at this point on the structure or timing of any IPO, and no assurance can be given that an IPO will be pursued.
Founded by telecom entrepreneur, Patrick Drahi, Altice is a multinational cable, fiber, telecommunications, contents and media company with presence in four regions – Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), the United States, Israel, and the Overseas Territories (currently comprising the French Caribbean, the Indian Ocean regions and the Dominican Republic). Altice provides very high speed based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services to residential and corporate customers. Altice is also active in the media space with a portfolio of channels (News, Sports, Lifestyle etc.) as well as providing Premium content on nonlinear platforms; it also produces its own original content (Series, Movies etc.).
Altice (ATCA & ATCB) is listed on NYSE Euronext Amsterdam.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.