Altice to Buy US Cable Operator Suddenlink for $9.1 Billion

May 20, 2015 8:30 AM

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Altice SA says it's buying a controlling stake in Suddenlink Communications in a deal that values the Missouri-based cable TV provider at $9.1 billion.

The Luxembourg-based cable and mobile phone operator says in a statement Wednesday it will purchase 70 percent of Suddenlink with a combined debt and cash offer from existing owners BC Partners and CPP Investment Board, and company management.

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