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Altice wants to split its US and European operations into two separate companies, as part of a restructuring plan to reduce debt and simplify the company to enhance accountability and transparency. Altice Europe will include Altice France, Altice International and Altice Pay TV subsidiaries, integrating Altice’s support services businesses into its respective markets and bundling Altice Europe’s premium content activities into one separately funded operating unit. Altice USA will distribute $1.5 billion in cash dividends to all shareholders prior to the split, while Altice NV will use €625 million ($751.6 million) to pay back debt. Patrick Drahi will become president of the Altice Europe board and chairman of the Altice USA board. European media group RTL has acquired Nordic network…

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