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FCC approves Altice acquisition of cable firm Suddenlink

Staff writer |
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.

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Altice announced in May its acquisition of a majority stake in Suddenlink, the seventh largest U.S. cable company, in its first U.S. acquisition. The FCC said that the Suddenlink sale "serves the public interest" and was unlikely to have "adverse competitive effects."

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.

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