Consolidation rippled across Europe during the holiday break, with Liberty Global’s Belgian operator Telenet acquiring the operations of Altice’s SFR in Belgium and Luxembourg for $418 million. The deal significantly boosts Telenet’s cable operations, but there is a looming presence of a potential IPO (initial public offering), concerning Altice USA across the pond in the US. The decision for Altice billionaire, Patrick Drahi to sell off the two companies, dubbed SFR Belux, is part of a plan to focus on SFR-Numericable in France and Altice USA, the merged entity of Cablevision and Suddenlink and the fourth largest broadband provider in the US. SFR-Numericable has been struggling under pressure from French market leader Orange, and the value of this deal is…