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Mayer Brown represents Altice on tax and structuring aspects of $1.9B IPO and NYSE listing

23 June 2017

Mayer Brown announced today that it served as tax and structuring counsel to Altice N.V., a multinational cable and telecommunications company, and Altice USA, its US affiliate, on the initial public offering (IPO) of Altice USA on the New York Stock Exchange. The IPO raised US$1.9 billion on a market capitalization of approximately US$22 billion, making it the second-largest US IPO of 2017. Altice USA is the fourth-largest cable operator in the US.

The IPO involved a major multinational restructuring of Altice USA’s ownership structure and included a primary offering by the issuer, as well as a secondary offering of shares held by affiliates of minority shareholders BC Partners and the Canada Pension Plan Investment Board.

The Mayer Brown team included: Tax Transactions & Consulting partners Laurent Borey (Paris), Jason Bazar (New York) and Lee Morlock (Chicago), counsel Elodie Deschamps (Paris), and associates Lucas Giardelli, Grace Sur (both New York) and Louis Nayberg (Paris); and Corporate & Securities partner Ugo Ude and associate Arnold Itagaki (both New York).

Altice N.V. is a convergent global leader in telecom, content, media, entertainment and advertising. Altice N.V. delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50 million customers over fiber networks and mobile broadband. The company is also a global provider of enterprise digital solutions to millions of business customers.

Altice USA is one of the largest broadband communications and video services providers in the US, delivering broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands.

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