FCC approves Altice acquisition of cable firm SuddenlinkStaff writer ▼ | December 21, 2015
The U.S. Federal Communications Commission approved the $9.1 billion sale of U.S. regional cable company Suddenlink Communications to European telecoms group Altice NV.
Acquisition The Suddenlink sale "serves the public interest"
Altice has acquired or taken control of broadband companies in France, Belgium, Luxembourg, Israel and Portugal, the FCC said, adding that it has a track record of improving services after acquiring firms.
In September, Altice announced plans to acquire U.S. cable firm Cablevision Systems Corp in a $17.7 billion deal. If it wins approval of the Cablevision deal, Altice would become the fourth largest U.S. cable provider. ■