Altice is pushing ahead with a public listing of its loss-making US division.
Altice USA plans to raise $1.4 billion from the IPO for which investors will receive no voting rights in the Patrick Drahi company.
The company’s debt stands at over $20 billion following the leveraged purchases of Suddenlink Communications and Cablevision Systems.
In Europe, Altice is in the process of unifying its brands under the SFR name.
Altice USA has applied to list its Class A common stock on the New York Stock Exchange under the symbol “ATUS.”
