Suddenlink is for sale. This was confirmed by Dexter Goy, head of US company Altice, during the presentation of the half-year results of the group. Seven years after buying this cable operator for $9.1 billion, Patrick Drahi will seek to resell it for $20 billion, Bloomberg reports. He has already received expressions of interest from investors, mostly financial, Dexter Goy said.
The telecom mogul, which also owns Altice Europe (SFR, BFM, RMC, etc.), is not turning the page on its American adventure. But he faces strong headwinds. The group was first hit by the increase in interest rates. Altice has made constant refinancing of its debt one of its trademarks. Its American activity, in case of repayment of 24 billion dollars, is not an exception to the rule. It is a constant challenge for Patrick Drahi and his teams to push back key repayment dates to avoid the debt wall…
Source: Le Figaro
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