Cablevision just sold itself to a European giant for $17.7 billion. What’s its game plan?

September 17, 2015 1:08 PM

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Cablevision just sold itself to a European giant for $17.7 billion. What’s its game plan?

If you're a Cablevision customer, you're in for a surprise: Your pay-TV and Internet company is being bought by a European company that, according to analysts, doesn't just plan to be a big player in the U.S. cable market, but also may have ambitions to become a wireless carrier.

Altice, which is led by the French billionaire Patrick Drahi, has been on a buying spree lately. In May, it purchased the regional U.S. cable company Suddenlink Communications for $9.1 billion. Add in Cablevision's 3.1 million business and residential customers, and what you get is the fourth-larges...

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