Altice closes buy of 70 percent of cable operator Suddenlink: Reuters

European telecoms group Altice (ATCA.AS) said it has completed the previously announced purchase of 70 percent of U.S. regional cable company Suddenlink from existing shareholders in a deal worth US$9.1 billion, Reuters reported. U.K.-based private equity firm BC Partners and Canada Pension Plan Investment Board, which jointly acquired Suddenlink in 2012, retained a 30 percent stake in the company.

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