Altice USA considers offloading B2B unit for USD3bn

11 Mar 2019

Altice USA is exploring divestment options for its Altice Business B2B fibre unit (previously known as Lightpath), Reuters reports. Sources familiar with the matter have informed the news agency that a sale of the unit could generate up to USD3 billion. As such, New York-based Altice USA has hired investment bank Goldman Sachs to assist in the process. The discussions are still in the early stages and Altice is also considering bringing on a co-investor in the B2B unit, without disposing of the business entirely, the sources added.

United States, Altice USA (incl. Optimum, Suddenlink)