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Altice buys Cablevision for $17.7B US

telecom | 09/17/2015 2:42 pm EDT

Altice SA, a France-based telecom and cable company, announced Thursday it has acquired Cablevision Systems Corp. for $17.7 billion US, making it the fourth largest cable operator in the U.S. market. Altice said in a press release that after buying Cablevision and its acquisition of Suddenlink Communications earlier this year, it will serve 4.6 million customers in 20 states and noted that both companies will benefit from the national platform as well as “additional international operational expertise.” “The strategy of Altice in the large and highly strategic U.S. market...