Altice Closes Cablevision Deal to Become Major U.S. Operator

The $17.7 billion acquisition of New York-based Cablevision Systems Corp. by European cable company Altice NV is now complete. The new company, Altice USA, will become the fourth largest broadband provider in the country with 4.6 million customers across 20 states. Cablevision will join with Suddenlink, acquired by Altice last year. “Altice has vowed to invest more in improving the infrastructure of the Cablevision and Suddenlink networks with a focus on boosting broadband speeds, improving Wi-Fi service and updating the programming guide and interface to more user-friendly designs,” reports Variety.

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