Altice seeks financing for Time Warner Cable bid: sources

May 22, 2015 2:08 PM

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Altice seeks financing for Time Warner Cable bid: sources

SAN FRANCISCO/LONDON French telecommunications group Altice SA is in talks with several banks about raising debt for a bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter.

The talks underscore Altice's intention to pursue a deal with Time Warner Cable, which is also being courted by Charter Communications Inc after Comcast Corp abandoned its $45.2 billion offer for Time Warner Cable last month over U.S. antitrust concerns.

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