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Altice acquires Cablevision and creates the #4 cable operator

Staff writer |
Altice N.V. and Cablevision Systems Corporation announced that they have entered into a definitive agreement for Altice to acquire Cablevision. Under the agreement, Altice will deliver $34.90 in cash for each Cablevision share.

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The acquisition of Cablevision represents Altice’s next step in the US market following the announced acquisition of Suddenlink earlier this year. Together both operators represent the 4th largest cable operation in the US market.

Cablevision is the leading operator in the New York metropolitan area (New York, New Jersey, Connecticut) which represents the most attractive US cable market characterized by affluence and population density.

With a network passing more than 5 million premises Cablevision serves more than 3.1 million residential and business customers.

With approximately 65% of its cable customers subscribing to triple-play services, Cablevision generates industry-leading ARPU and benefits from high customer loyalty.

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