Home › Altice to sell 30% stake in Cablevision to investors
 

Keywords :   


Altice to sell 30% stake in Cablevision to investors

2015-10-27 08:45:00| Telecompaper Headlines

(Telecompaper) Altice announced an agreement to sell 30 percent of Cablevision to BC Partners and the Canada Pension Plan Investment Board. Altice agreed in September to buy the US cable operator for a total USD 17.7 billion. It will sell the 30 percent stake for USD 1.0 billion to the two partners, who also participated in Altice's takeover of the US cable operator Suddenlink. The shareholders agreement between Altice, BCP and CPPIB for Cablevision is on similar terms to the Suddenlink transaction announced in May, Altice said. The acquisition of Cablevision is expected to close in the first half of 2016, pending regulatory approvals. 

Tags: to sell investors stake

Category:Telecommunications

Latest from this category

All news
»
28.06Martin Automatic celebrates successful return of drupa
28.06Pubco turns to HP for luxury packaging
28.06Rohit Aggarwal Joins Lenzing\'s Management Board and Named Designated CEO
28.06Fujitsu expert: I didn't think Horizon was a monster
28.06BCFs Coatings Ambassador Program Trains Its 50th Ambassador
28.06Cost of summer cookout reaches record high
28.06Heritage Environmental Services to Acquire EBV from General Dynamics
28.06Atlantic Tropical Weather Outlook
More »