Who Owns Altice USA Company?

Altice USA Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Altice USA?

Altice USA's ownership journey began with its 2017 IPO and 2018 spin-off from its European parent, significantly altering its control structure. Understanding its ownership is key to its market influence and strategic direction in the competitive U.S. telecom sector.

The company was founded by Patrick Drahi, who aimed to implement the Altice Group's operational efficiency model in the United States. This vision materialized through strategic acquisitions, including Suddenlink Communications for approximately $9.1 billion and Cablevision Systems Corporation for about $17.7 billion.

As of 2024, Altice USA, trading on the NYSE under ATUS, reported $9.0 billion in revenue, a 3.1% decrease year-over-year, and $3.4 billion in adjusted EBITDA. Its ownership is primarily characterized by a controlling interest from its founder, alongside substantial institutional investment, influencing its strategic decisions. For a deeper understanding of its market positioning, consider an Altice USA PESTEL Analysis.

The foundation of Altice USA was laid by Patrick Drahi, the visionary behind the European telecommunications powerhouse Altice N.V., and Dexter Goei, who took on the role of the company's inaugural CEO. Drahi, a prominent Moroccan-Israeli billionaire investor, established Altice in 2001, building a substantial enterprise through strategic, debt-financed acquisitions.

Strategic Acquisitions

Altice USA's formation involved significant leveraged buyouts. These included the acquisition of Suddenlink Communications in 2015 for approximately $9.1 billion and Cablevision Systems Corporation in 2016 for about $17.7 billion.

Early Backing

At the time of the Suddenlink acquisition, early financial support came from notable entities. These included private equity firm BC Partners and the Canada Pension Plan Investment Board (CPPIB), which collectively held a 30% stake in Suddenlink.

Public Offering Control

Following its public debut in June 2017, Altice N.V. maintained substantial control. The parent company held approximately 70.2% of Altice USA's issued and outstanding common stock, representing roughly 98.2% of the voting power.

Drahi's Vision

This significant ownership by the parent entity ensured the immediate integration of Drahi's strategic objectives. His focus on operational efficiency and market consolidation was a core tenet from the company's inception.

Altice USA Company Structure

The initial company structure reflected a clear hierarchy with Altice N.V. as the dominant shareholder. This setup facilitated the implementation of the parent company's overarching business strategy.

Altice USA Ownership History

The history of Altice USA ownership is marked by significant transactions and strategic control by its parent company. Understanding this early ownership is key to grasping the company's trajectory.

The early ownership structure of Altice USA was heavily influenced by its parent company, Altice N.V., and the strategic acquisitions that formed its foundation. Patrick Drahi's leadership and investment strategy were central to the company's establishment, aiming for consolidation and efficiency in the telecommunications sector.

Founders and Early Ownership Dynamics

Patrick Drahi, the founder of Altice N.V., was the primary architect behind Altice USA's inception. Dexter Goei served as the initial CEO, guiding the company through its formative stages.

• Patrick Drahi founded Altice N.V. in 2001.
• Altice USA was formed through the acquisitions of Suddenlink Communications (2015) and Cablevision Systems Corporation (2016).
• Early investors in Suddenlink included BC Partners and CPPIB, holding a 30% stake.
• Post-IPO, Altice N.V. held approximately 70.2% of Altice USA's common stock, controlling about 98.2% of voting power.
• This ownership structure ensured Drahi's strategic vision was implemented from the outset, focusing on operational improvements and market consolidation.
• The Target Market of Altice USA was significantly shaped by these early strategic decisions.

Altice USA SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership structure of Altice USA has seen significant evolution, notably with its Initial Public Offering (IPO) in June 2017 and a subsequent spin-off from its European parent company in June 2018, establishing it as an independent entity. These events reshaped its shareholder base and market presence.

Following its independence, Patrick Drahi, through his personal holding company Next Alt S.a.r.l., remains the principal controlling shareholder of Altice USA. As of 2025, Next Alt S.a.r.l. reportedly holds approximately 73.51% of Altice USA's shares, translating to 343,818,616 shares. Earlier reports from late 2024 and early 2025 suggested Patrick Drahi's direct or controlling stake via Next Alt S.a.r.l. was in the range of 35% to 40.3% of outstanding shares. This concentration of ownership by Drahi ensures his significant influence over the company's strategic direction.

Key Stakeholders in Altice USA

Beyond the controlling stake held by Patrick Drahi, Altice USA's ownership is diversified among institutional investors and the general public. These stakeholders play a crucial role in the company's governance and market valuation.

• Patrick Drahi (via Next Alt S.a.r.l.): Holds a controlling interest, estimated around 73.51% as of 2025.
• Institutional Investors: Collectively own approximately 55.35% of the company's shares as of August 2025.
• Major Institutional Shareholders: Include The Vanguard Group, Inc., BlackRock, Inc., Apollo Management Holdings, L.P., and D. E. Shaw & Co., Inc.
• General Public/Retail Investors: Owned a 28% stake as of October 2024.

The Altice USA company structure reflects a balance between founder control and broad public and institutional investment. This ownership breakdown is critical for understanding its corporate governance and strategic decision-making processes. For a deeper understanding of its market position, exploring the Competitors Landscape of Altice USA can provide valuable context.

Altice USA PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

As of June 2025, the Board of Directors for Altice USA comprises nine members, including Patrick Drahi, David Drahi, Dexter Goei, Dennis Mathew (who also serves as Chairman and Chief Executive Officer), Mark Mullen, Dennis Okhuijsen, Susan Schnabel, Charles Stewart, and Raymond Svider. Dennis Mathew assumed his dual role on October 2, 2022.

Altice USA's corporate structure is significantly influenced by its dual-class share system, which concentrates voting power. Class A shares carry one vote, while Class B shares are granted twenty-five votes per share. This arrangement ensures that Patrick Drahi, through his holding company Next Alt S.a.r.l., maintains substantial control over the company's direction. The company's governing documents allow Next Alt to appoint six directors, forming a board majority, as long as the 'PDR Group' beneficially owns at least 50% of the voting power. Even if this voting power falls to a minimum of 20%, the PDR Group retains rights to board observer status. This structure is instrumental in safeguarding against unsolicited takeover bids and maintaining the founder's strategic vision, a key aspect of Brief History of Altice USA.

Understanding Altice USA's Voting Power

Altice USA's voting power is heavily concentrated due to its dual-class share structure. This system is designed to maintain founder control and strategic alignment.

• Class B shares have 25 times the voting power of Class A shares.
• Patrick Drahi, through Next Alt S.a.r.l., holds the majority of Class B shares.
• This structure ensures significant influence over corporate decisions.
• The company's governance allows the controlling shareholder to appoint a board majority.

Altice USA Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past few years, Altice USA has seen significant shifts in its ownership landscape, influenced by strategic share repurchases and notable insider transactions. These movements reflect an ongoing effort by key stakeholders to manage their holdings within the dynamic telecommunications sector.

Recent insider activity indicates a trend of net selling by key individuals within Altice USA as of April 2025, with significant transactions by director Patrick Drahi. This period also saw leadership changes, with Michael Parker appointed President of Consumer Services in September 2024 and becoming an executive officer in February 2025. Despite a reported net loss for 2024, analysts project a return to profitability in 2025, supported by management's focus on revenue generation through refined pricing and product strategies, alongside a commitment to capital efficiency with a target of $1.3 billion in cash capital expenditures for 2025. The company is managing substantial debt, approximately $25.6 billion as of June 2025, and secured a $1.0 billion asset-backed loan facility in July 2025, primarily backed by its HFC network assets.

Insider Selling Trends

Insiders, including significant owner Patrick Drahi, have been net sellers of Altice USA stock in the past year. These transactions reflect individual portfolio management decisions amidst evolving market conditions.

Financial Outlook and Strategy

Analysts anticipate a return to profitability for Altice USA in 2025. Management is implementing strategies to boost revenue and enhance free cash flow growth while maintaining capital efficiency.

Capital Structure and Financing

As of mid-2025, Altice USA carries significant debt and has secured a substantial asset-backed loan facility. This financing is primarily secured by the company's Hybrid-Fiber Coaxial network assets.

Market Position and Competition

Altice USA operates within a highly competitive telecommunications market. Understanding the Mission, Vision & Core Values of Altice USA can provide context for its strategic decisions in this environment.

Altice USA Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔