Altice USA Statement on Transaction by BC Partners and Canada Pension Plan Investment Board

NEW YORK--(BUSINESS WIRE)-- Altice USA (NYSE: ATUS) today makes the following statement following the sale of a portion of Altice USA shares by funds advised by BC Partners and Canada Pension Plan Investment Board:

After the market closed today, funds advised by BC Partners (BCP) and Canada Pension Plan Investment Board (CPPIB) elected to sell 20 million Altice USA Class A shares, representing approximately 40 percent of their stake in the company. Consistent with Altice USA’s share repurchase program, the company elected to purchase approximately 1.8 million of these shares for a total consideration of approximately $50 million. Following these transactions, BCP and CPPIB together own approximately 4.4% of Altice USA.

About Altice USA

Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, mobile, proprietary content and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190910006196/en/

Head of Investor Relations
Nick Brown
+1 917 589 9983
nick.brown@alticeusa.com

Head of Communications
Lisa Anselmo
+1 929 418 4362
lisa.anselmo@alticeusa.com

Source: Altice USA

Released September 10, 2019