Altice continues U.S. expansion with Cablevision deal

September 17, 2015 4:15 PM

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Altice continues U.S. expansion with Cablevision deal

Altice Group decided to buy Cablevision (CVC) because it is “a very high quality, well-invested cable business” that will allow the European company to diversify geographically with plans for continued expansion in the U.S., the CEO told analysts Thursday.

“We believe that this is really an expansion into the most attractive and affluent part of the United States,” said Dexter Goei, CEO of Altice. “There are significant synergy and efficiency opportunities, and it continues to create a good basis for continued consolidation in the U.S.”

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