Altice International explores ways to cut debt

Altice International has put many assets up for sale to reduce debt. — Bloomberg

NEW YORK: Altice International has shelved plans to sell assets in the Dominican Republic as the company continues to explore ways to cut debt.

“Offers received for Altice Dominicana were too low and it doesn’t need to sell anything at a discounted value,” group treasurer Gerrit Jan Bakker said on a call discussing first quarter results.