Altice Talking Possible Suddenlink Sale: CEO

Altice is having discussions about selling some or all its Suddenlink assets, CEO Dexter Goei told analysts Wednesday during a call as the company announced its Q2 results. He said due to the major Suddenlink upgrade planned for over the next year, it's "a good time" to look at a transaction before embarking on that spending. He said Altice's Optimum assets will be largely fiberized by 2024's end and it's not discussing any sale of those. He said Suddenlink's rebranding as Optimum announced this week (see 2208010002) had been in the works for close to nine months, always planned for early August.