Altice has bought 70% of US cable provider Suddenlink

GMT 07:49 2015 Wednesday ,20 May

Arab Today, arab today Altice has bought 70% of US cable provider Suddenlink

Suddenlink Communications
Paris - Arab Today

European cable and mobile operator Altice said Wednesday it had bought 70 percent of Suddenlink Communications in a deal that values the seventh-largest US cable company at $9.1 billion (8.2 billion).

"With this acquisition, the Altice Group enters the large and attractive US cable market and takes a further step in diversifying and balancing its portfolio of high-quality businesses," said a statement from the company, which owns the French cable and mobile operator Numericable-SFR.

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