Wednesday, May 4, 2016

Altice Formally Becomes the 3rd-Largest U.S. Cable TV Firm

The Altice purchase of Cablevision Systems Corporation “will serve the public interest, convenience, and necessity,” the U.S. Federal Communications Commission says, and has approved the transaction.

The deal makes Altice the third-largest U.S. cable TV provider, after Comcast and Charter Communications.

Cablevision has 3.1 million subscribers in New York, New Jersey, and Connecticut and  also operates a network of over one million Wi-Fi Internet access points across the Cablevision footprint.

Cablevision’s subsidiary, Cablevision Lightpath, Inc., offers competitive telecommunications services to companies in the New York Metro area and also owns Cablevision Media Sales, the company’s advertising sales division.

Cablevision provides news and information in its service area through the News 12 programming networks; Newsday, a Long Island daily newspaper; amNewYork, a free daily serving New York City and Star.

Altice, a publicly-traded holding company incorporated in the Netherlands, sells fixed and mobile voice, video, and broadband services in France, Belgium, Luxembourg, Portugal, Switzerland, Israel, the French Caribbean and Indian Ocean regions, the Dominican Republic.

Altice serves approximately 34.5 million subscribers worldwide.

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