je.st

Home › suddenlink

Tag: suddenlink

Europe's Altice enters US cable frenzy with Suddenlink deal

2015-05-22 12:17:10| Telecom - Topix.net

European cable and mobile phone operator Altice, controlled by founder Patrick Drahi, is fixing its sights on the U.S. market starting with a $9.1 billion deal for St. Louis-based Suddenlink. There are likely to be more attempts at U.S. purchases.

Tags: deal cable enters frenzy

Exclusive: Altice eyes U.S. with TWC, Suddenlink buys - sources

2015-05-20 14:05:01| Telecom - Topix.net

French telecommunications group Altice SA has held talks to buy Time Warner Cable Inc, and is close to buying smaller peer Suddenlink, moving into the U.S cable market, according to people familiar with the matter. The negotiations with Suddenlink are more advanced and a transaction could be announced later this week, the people said.

Tags: eyes sources exclusive buys

Altice enters the US market with acquisition of Suddenlink

2015-05-20 09:20:35| Digital TV News

Altice (Euronext: ATC) has announced that it has signed a definitive agreement to acquire 70% of the share capital in Suddenlink from existing shareholders BC Partners, CPP Investment Board and Suddenlink management.

Tags: market acquisition enters suddenlink

Altice enters US market with acquisition of Suddenlink

2015-05-20 08:29:00| Telecompaper Headlines

(Telecompaper) Altice is entering the US market with an agreement to buy a controlling stake in Suddenlink, the seventh-largest cable operator in the US. Altice will buy 70 percent of Suddenlink from BC Partners, CPP Investment Board and Suddenlink management. BC Partners and CPP Investment Board will retain a 30 percent stake in Suddenlink. Suddenlink counts around 1.5 million residential and 90,000 business customers in Texas, West Virginia, Louisiana, Arkansas and Arizona. The company generated USD 2.3 billion in revenue and over USD 900 million in EBITDA in 2014. After investing well in its broadband network, Suddenlink has a strong operational and financial growth track record, Altice said in a statement, adding the US company should benefit from the operational expertise, scale and investment support of the Altice business model. The acquisition gives Suddenlink at an enterprise value of USD 9.1 billion, equal to 7.6 times EBITDA including potential synergies. The transaction is to be financed with USD 6.7 billion of new and existing debt at Suddenlink, a USD 500 million vendor loan note from BC Partners and CPP Investment Board, USD 1.2 billion of cash from Altice and the remainder the roll over by BC Partners and CPP Investment Board. Debt at Suddenlink will remain ring-fenced so the leverage at Altice does not affect the company. The transaction is expected to close in the fourth quarter, pending regulatory approvals.

Tags: market acquisition enters suddenlink