Altice Makes Its Market Debut -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies were little changed. Meanwhile, Altice USA saw strong demand in its stock-market debut.

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Altice raised $1.9 billion in an initial public offering that, pricing at $30-a-share, valued the whole concern at more than $23 billion.

Viacom and Discovery Communications have seen their channels cut out of many "skinny" cable bundles but could hit back by offering entertainment-channels-only bundles without broadcast channels or expensive sports networks, said analysts at MoffettNathanson.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 22, 2017 17:08 ET (21:08 GMT)