Europe's Altice buys Cablevision of US in $17.7 billion deal

17th September 2015, Comments 0 comments

Franco-Israeli media magnate Patrick Drahi's telecoms giant Altice announced Thursday a $17.7-billion (15.6-billion-euro) takeover of the US cable operator Cablevision.

The two groups have entered into a "definitive agreement" for the deal, which will create the fourth largest cable operation in the US market, Altice said in a statement.

© 2015 AFP

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