Altice USA, the American cable-TV unit of Altice and fourth largest cable provider in the US, is seeking to raise $1.4 billion (€1.25bn) in its initial public offering (IPO), with some of the proceeds earmarked for potential acquisitions.

The company and select holders plan to offer 46.6 million shares at $27 to $31 each, according to a filing with the US Securities and Exchange Commission. Altice USA plans to use the proceeds from the IPO for general corporate purposes, but has made clear it’s seeking to expand through deals.

Altice USA was formed by its parent through two US cable acquisitions in the past two years, namely Cablevision and Suddenlink, for more than $26 billion including some debt. The company has been open about its ambitions to buy more US cable providers.

Altice could use the money it raises for more deals. Cox Communications is one potential acquisition target for Altice, according to reports.

“It’s part of our core strategy and DNA to continue to look at acquisitions,” Dexter Goei, CEO of Altice USA, commented last month. “You could anticipate we are always looking.”

Other posts by :

1. Lynk Global requests “experimental” satellite access
2. Safran Space links laser direct to satellite
3. SpaceX fearful of AST SpaceMobile’s potential?
4. Equatys wants 2,800 new satellites
5. FCC eyes freeing up Weird Space Stuff spectrum
6. SES happy with releasing 160MHz of spectrum for 5G
7. Inmarsat “likely to win appeal” over Ligado/AST action
8. FCC seeks fair play over foreign satellite access
9. Bank raises RocketLab target price

Categories: Articles, Cable, IPO