Big cable deal: Cablevision sale to Europe's Altice is near

September 17, 2015 12:45 AM

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Cablevision, the cable operator that is a stalwart of the New York metropolitan area, is about to be sold to Altice, a telecommunications company based in Luxembourg.

A source close to the deal confirmed that the two companies have been in advanced talks. The sale could be announced Thursday morning, the source said.

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