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Altice to buy Cablevision for USD 17.7 billion

Thursday 17 September 2015 | 07:14 CET | News
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European telecom group Altice has reached a definitive agreement to acquire US operator Cablevision Systems for USD 17.7 billion in cash, at USD 34.90 per share. This is Altice's second step in the US market, after its announced acquisition of Suddenlink in May. Cablevision is the leading cabler in the New York metro area (New York, New Jersey, Connecticut) and has 3.1 million residential and business customers out of over 5 million premises passed by its network. The transaction will be financed with USD 14.5 billion of new and existing debt at Cablevision, cash on hand at Cablevision and

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Categories: Fixed
Companies: Altice Europe / Cablevision
Countries: United States
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Comments

There is huge acquisition for starting a business in American soil, Congratulations
juan ramirez @ 17/9/2015 - 14:32


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