Reported 28 days ago
Altice USA, Inc. (ATUS), a leading broadband provider in the U.S., has secured a $1 billion loan backed by its Hybrid-Fiber Coaxial network assets in the Bronx and Brooklyn. This strategic financing, in partnership with Goldman Sachs and TPG Angelo Gordon, aims to enhance the company's liquidity for reinvestment while avoiding equity dilution and traditional debt reliance. As ATUS prepares for its Q2 2025 earnings report, this move highlights a growing trend in the telecom industry to leverage physical assets for growth amid rising demand for high-speed internet.
Source: YAHOO