Altice buying Cablevision in $17.7B deal

Posted online September 17, 2015 | 11:47 am

European telecoms group Altice has agreed to buy U.S. cable TV operator Cablevision in a cash-and-share deal worth $17.7 billion, including debt.

Patrick Drahi, French-Israeli billionaire and Altice founder, entered the U.S. market in May via the $9.1 billion purchase of Suddenlink Communications.

In a statement, Altice indicated the deal would build the fourth-largest cable operation in the U.S.

Read more from Reuters.

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