Drahi's Dream
Tycoon Takes on the Cable Cowboy
Altice tycoon should be realistic on U.S. IPO valuation.
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Patrick Drahi is looking for new investors to help him crack America. The tycoon behind European telecoms giant Altice NV may list its U.S. business later this year, creating a new company that will jostle for attention with the much larger Charter Communications Inc.
Drahi needs to realize that investors will take some persuading to join his mission.