Altice USA raises USD2.15bn through IPO

28 Jun 2017

Altice USA, the US-based holding company owned by Netherlands-based Altice Group, has announced that its recent initial public offering (IPO) raised a total of USD2.15 billion, via the sale of 71.724 million shares of Class A common stock at USD30.00 per share. The final tally included the underwriters’ full exercise of their option to purchase 7.781 million shares. The shares were sold on the New York Stock Exchange (NYSE) under the ‘ATUS’ ticker symbol.

Altice USA offers broadband, pay-TV and voice telephony services to approximately 4.9 million residential and business customers across 21 states, via the Optimum and Suddenlink brands. The European group acquired Suddenlink Communications in 2015 and Cablevision (Optimum) in 2016, forming Altice USA.

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share