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Broadband

Altice enters US market with acquisition of Suddenlink

Wednesday 20 May 2015 | 08:29 CET | News
Altice is entering the US market with an agreement to buy a controlling stake in Suddenlink, the seventh-largest cable operator in the US. Altice will buy 70 percent of Suddenlink from BC Partners, CPP Investment Board and Suddenlink management. BC Partners and CPP Investment Board will retain a 30 percent stake in Suddenlink. Suddenlink counts around 1.5 million residential and 90,000 business customers in Texas, West Virginia, Louisiana, Arkansas and Arizona. The company generated USD 2.3 billion in revenue and over USD 900 million in EBITDA in 2014. After investing well in its broadband

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Categories: Fixed
Companies: Altice Europe / Suddenlink / Time Warner Cable
Countries: United States
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