ATC Altice Europe NV Class A

Altice USA Files Registration Statement for Proposed Initial Public Offering

Altice USA, Inc., one of the largest broadband communications and video services providers in the United States and the U.S. business of Altice N.V. (Euronext: ATC, ATCB), announces today that it has filed a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering of shares of Class A Common Stock. The number of shares to be offered and the price range for the offering have not yet been determined.

J.P. Morgan, Morgan Stanley, Citigroup and Goldman, Sachs & Co. are serving as joint book-running managers for the proposed offering.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to these securities may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (866) 803-9204, email: [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone at 1-800-831-9146; or Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, facsimile at (212) 902-9316, or email at [email protected].

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Altice USA

Altice USA, the U.S. business of Altice N.V. (Euronext: ATC, ATCB), is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum, Lightpath and Suddenlink brands.

EN
11/04/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Altice Europe NV Class A

Russell Waller
  • Russell Waller

Altice France bonds (Equal Weight) Altice France equity (Neutral, TP: ...

The consortium bid is for Altice France ex XpFibre (XP), Altice Technical Services (ATS), French Overseas Territories (FOT), Intelcia, and UltraEdge (UE). The consortium valued these assets at €4bn. Disclosure is limited, but we’ve done some more digging, and have found some accounts filed in France, that help us value these assets more accurately, we think.

Russell Waller
  • Russell Waller

Digi (Equal Weight) Orange (Buy, TP: €18.9, +27%) Telefonica (Reduce, ...

Press reports are suggesting that a Tef-Zegona deal in Spain is progressing. We wrote about that HERE. A deal will be tricky for a variety of reasons, but if Digi is a willing remedy taker and if Telefonica/ Zegona are willing to give very substantial remedies (which is a big if), then the deal might receive regulatory approval we think.

Russell Waller
  • Russell Waller

Altice France (SFR) Bonds (Equal Weight) Altice France (SFR) Equity (N...

Altice France has reported Q3 25 results with continued weak SR trends; underlying EBITDA is slightly better but still very weak, at -9.6% y/y ex construction from -9.9% y/y in Q2 25.

Russell Waller
  • Russell Waller

Altice France Bonds (Equal Weight) Altice France Equity (Neutral, TP: ...

The valuation of fibre assets is important for all Telco investors, but especially those looking at Altice France and Altice International. In this report we look at recent fibre deals and see if we can draw any conclusions Over a month has now passed since the consortium bid for SFR (HERE); whilst face-to-face negotiations do not appear to be happening (as per Q3 calls), it would appear that negotiations via the press are in full swing – HERE and HERE – and back channel discussions are ongoing ...

Russell Waller
  • Russell Waller

Altice France Bonds (Equal Weight) Altice France Equity (Neutral, TP: ...

The valuation of fibre assets is important for all Telco investors, but especially those looking at Altice France and Altice International. In this report we look at recent fibre deals and see if we can draw any conclusions from those deals about future valuations.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch