Altice USA: merges two units to simplify structure
(CercleFinance.com) - Altice USA said it has completed the combination of its Suddenlink and Optimum (Cablevision) businesses under a single "credit silo" to further simplify its structure and operations.
The move aligns Altice USA's debt capital structure with the way the cable operator is managed, i.e. as a "unified company with a common strategy," it said in a statement on Tuesday.
This will result in a more diversified credit silo, which is expected to simplify Altice USA's financing strategy and financial reporting requirements, the company added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The move aligns Altice USA's debt capital structure with the way the cable operator is managed, i.e. as a "unified company with a common strategy," it said in a statement on Tuesday.
This will result in a more diversified credit silo, which is expected to simplify Altice USA's financing strategy and financial reporting requirements, the company added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.