10.20.16 - Exclusive: Altice USA draws up plans for IPO
"Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter."
"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, the people said on Thursday."
"Altice USA, which is now valued at between $25 billion and $30 billion, plans to invite investment banks to make presentations in the coming weeks about their role in a potential IPO in New York, the people said."