Altice expands in U.S. with $17.7 bln Cablevision deal: Reuters

European telecoms group Altice will become a major force in the lucrative U.S. cable market after it agreed to buy fourth-largest operator Cablevision shares in a deal worth US$17.7 billion, Reuters reported. Altice, which acquired regional cable group Suddenlink in May, will fund the deal partly with equity from Suddenlink's backers, BC Partners and the Canada Pension Plan Investment Board.

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