Altice announces IPO plans


European cable giant Altice plans to go public in an $1B IPO on the Amsterdam exchange.

The company will likely look to reduce its debt load after raising the funds, but could also go on a M&A spree.

Execs with Altice say they have up to 10 new acquisition targets which means it could bump up against Liberty Global (LMCA) with some of its bidding.

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