The billionaire’s telecom group, Altice SA, said it is buying a controlling stake in U.S. cable company Suddenlink Communications, a first purchase for the group in the U.S., one of the world’s largest cable and telecom markets.Altice said it would acquire 70% of Suddenlink from the company’s owners, private-equity firm BC Partners and CPP Investment Board, valuing Suddenlink at $9.1 billion, including debt. BC Partners and Canada Pension Plan Investment Board will retain a 30% stake in the cable firm.
Source: Altice to Buy Controlling Stake in Suddenlink in Deal Valued at $9.1 Billion – WSJ