SuddenLink is Foreign Owned

Altice USA was formed when Altice NV purchased Suddenlink and Cablevision Systems. The privately owned subsidiary of Altice NV went public via a Initial Public Offering (IPO) and is now trading on the New York Stock Exchange. CNBC

Altice USA, which operates in 21 states, had $9.2 billion in pro forma annual revenue in 2016. It has said it plans to use IPO proceeds to pay down some of its roughly $21 billion in debt.

Altice USA's parent is a European and Israeli telecoms and cable empire that Drahi has built through debt-heavy acquisitions. It will hold 70.3 percent of Altice USA's shares and 98.3 percent of the voting rights in the company thanks to a separate bundle of stock.

It will be interesting to see if Suddenlink's quality of service changes.