Altice Closes on Cablevision, Forms Altice USA

June 21, 2016
Altice (Euronext:ATC) has completed its acquisition of Cablevision. Cablevision - together with Suddenlink, which Altice bought late last year ...

Altice (Euronext:ATC) has completed its acquisition of Cablevision. Cablevision - together with Suddenlink, which Altice bought late last year - will form Altice USA, the fourth largest cable operator in the United States, serving more than 4.6 million Optimum and Suddenlink customers across 20 states.

Altice entered into a definitive agreement to acquire Cablevision last September. The acquisition represents an enterprise value of $17.7 billion. June 20 was the last full trading day of Cablevision (NYSE:CVC) common shares on the New York Stock Exchange.

Dexter Goei, president of Altice NV and chairman and CEO of Altice USA, said: "Altice USA is well positioned to grow as a leading communications and media group with its best infrastructure, most innovative and reliable services, and a committed customer-centric approach. Our immediate focus is on integrating our businesses within Altice, fostering their development through innovation and investment, and delivering on our plans to enhance the customer experience. Our very talented employees have great energy and enthusiasm, and we are confident that altogether we will help to build Altice USA to the benefit of our customers and the local communities that we serve."

Other members of the Altice USA technical leadership include:

  • Pragash Pillai - Head of Optimum Operations
  • David Gilles - Head of Suddenlink Operations
  • Kevin Stephens - President, Business Services
  • Terry Cordova - Chief Technology Officer

Altice USA has a number of upgrade initiatives in store. The company plans to:

  • Increase broadband speeds through network upgrades and improvements
  • Introduce a low-income broadband offering
  • Introduce an all-in-one home center that integrates the functionality of set-top boxes, routers and WiFi modems in one device
  • Introduce a customer interface offering navigation, integrating VOD, online content, and recommendation tools
  • Invest more into and support the WiFi network
  • Upgrade existing and invest into new IT systems
About the Author

BTR Staff

Editorial Director and Associate Publisher
[email protected]
Senior Editor
[email protected]
Business Solutions Manager
(312) 350-0452
[email protected]
Business Solutions Manager
(516) 695-3899
[email protected]

Sponsored Recommendations

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

FTTx Deployment Strategies

March 29, 2023
Cable operators continue to deploy fiber in their networks at anincreasing rate. As fiber grows in importance, proper choices regardinghow to best fit fiber to the home together...