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In 2018, Altice USA spun off from Altice Group (which at the time was called Altice Europe); Drahi controls both companies, which are led by separate management teams.
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In November 2016, Altice USA announced a five-year plan for fiber-to-the-home service to build a network capable of delivering 10 Gbit/s broadband speed. [5] In August 2017, the company stated it was on track to reach one million homes by the end of 2018. [6] In June 2017, Altice USA raised US$2.2 billion in an initial public stock offering. [7]
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Television portal; The News 12 Networks are a group of regional cable news television channels in the New York metropolitan area that are owned by Altice USA.All channels provide rolling news coverage 24 hours a day, focusing primarily on regions of the metro area outside Manhattan, Queens, and Staten Island.
Altice split from Altice USA in 2018. [20] In September 2020, Drahi put on an offer of €2.5 billion to buy minority shareholders of Altice Europe and secure control of the company. [21] An increased bid was accepted in January 2021, [22] and the company delisted from the Euronext stock exchange. [23] [24] In June 2021, Altice acquired 12% of ...