- KKR is near a deal for a stake in the communications towers subsidiary of Altice (OTCPK:ATCEY), Reuters reports.
- That would go a long way toward relieving burdens on the indebted telecom group, which is already restructuring via a separation of its U.S. business (NYSE:ATUS).
- And KKR would be beating out rivals Blackstone (NYSE:BX) and a group including Allianz (OTCPK:ALIZF) and Axa (OTCQX:AXAHY).
- Altice is shifting away from recent large acquisitions toward managing its debt pile (debt equals more than twice annual revenues) and sales growth.