Altice in Advanced Talks to Buy Cable Company Suddenlink
Deal for Suddenlink could be worth between $8 billion and $10 billion including debt
Altice SA is in advanced talks to acquire U.S. cable company Suddenlink Communications, a move that would mark a major cross-border expansion for the deal-hungry French telecommunications group.
A deal would value Suddenlink, which is owned by private-equity firm BC Partners, at between $8 billion and $10 billion including debt, and could be announced as soon as this week, according to a person familiar with the matter.
There is no guarantee the talks won’t fall apart before a deal is reached.