Altice USA ready to sell a cable operator

Suddenlink is for sale. Dexter Goei, the boss of Altice USA, confirmed this on the sidelines of the presentation of the group’s half-year results. Seven years after having acquired this cable operator for 9.1 billion dollars, Patrick Drahi would seek to resell it for 20 billion, according to Bloomberg. He has already received marks of interest from investors, mainly financial, said Dexter Goei.

The telecom tycoon, 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 hard by the rise in interest rates. Altice has made the permanent refinancing of its debt one of its trademarks. Its American activities, with 24 billion dollars to repay, are no exception to the rule. For Patrick Drahi and his teams, the constant challenge is to push back the main repayment deadlines to avoid a wall of debt…