Altice's Goei plants flag in U.S. media biz with NAB keynote

Altice USA CEO Dexter Goei
Altice USA CEO Dexter Goei asks an analyst if the small dog she's holding is for sale at a recent investor event.

Planting a flag in the U.S. media business for his European company, Altice USA CEO Dexter Goei will deliver a keynote during NAB on April 25.

The half-hour noontime address is titled “Global Growth and the Future of Media.” 

Goei oversees the newly formed U.S. operations for France’s Altice NV, created when the telecom conglomerate purchased Suddenlink Communications and Cablevision Systems in 2015. The combined asset is now the No. 4 cable operator in the U.S.

Headquartered in the New York offices of the erstwhile Cablevision, Drahi’s empire also includes media ventures, such as newly launched 24-hour news channel i24News. 

RELATED: Altice USA chief Dexter Goei puts down $31M on Greenwich home amid Cablevision austerity

“The whole beauty of NAB Show is that it brings together a diverse range of voices from all sides of the media and entertainment spectrum, and hosting a standout voice in the pay TV sector is a testament to that,” said Chris Brown, NAB executive VP of conventions and business operations, in a statement.

Altice USA is looking to raise cash for further expansion and has executed a plan to conduct an initial public offering.

RELATED: Altice USA officially files for IPO, raises cash for further expansion

In a filing with the Securities Exchange Commission Monday, the European telecom conglomerate’s U.S. cable-operator arm said it plans to raise $100 million. However, the actual monetary goal is probably higher—Altice said the $100 million figure was “estimated solely for the purpose of calculating the amount of the registration fee."

The company said it’s still determining the number of shares it will offer and the price range for the IPO. Reuters said the company could be looking to raise as much as $2 billion. 

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