Fresh off the closure of his blockbuster $17.7 billion acquisition of Cablevision, Altice's Patrick Drahi said he will bring the company's Israeli news channel, i24 News, to the U.S. market within the next year.
Before officially closing its acquisition of Cablevision, Altice was under some fire regarding comments that founder and controlling shareholder Patrick Drahi made about job cuts and not liking to pay big salaries. When questioned about the comments by CNBC's David Faber, Altice USA CEO Dexter Goei said Drahi's comments have been a "little misinterpreted."
Michel Combes was appointed CEO of Netherlands-based Altice following a management reshuffle ahead of the launch of the company's new business in the U.S.
Altice is now the fourth largest U.S. cable operator as it completed its $17.7 billion purchase of Cablevision, making it a powerhouse provider of residential broadband and business services.
Altice today announced it officially closed its $17.7 billion deal to purchase Cablevision, which it will combine with its recently acquired Suddenlink to form Altice USA, the fourth largest cable provider in the U.S.
Dutch telecom conglomerate Altice has cleared the final regulatory hurdle for its $17.7 billion purchase of Cablevision.
Lightpath, the business services arm of Cablevision, now reaches 8,000 business locations in its New York footprint, according to a FierceCable report.
As New York regulators finally get ready to sign off on the $17.7 billion purchase of Cablevision by Europe's Altice SA, Cablevision's Ethernet services division, Lightpath, is signaling that business is humming along, as usual.
A group of consumer watchdogs has filed a complaint with the FCC, alleging that Comcast, AT&T and Cablevision are violating customer privacy through addressable advertising schemes on pay-TV set-tops.
Fixed-line cable and broadband companies are beginning to dip their toes into mobile, while wireless service providers are gradually expanding into media. AT&T, for instance, acquired DirecTV and then launched unlimited data to users who subscribed to both mobile and video services, and Verizon is rapidly building out its Go90 offering. Meanwhile, Cablevision is hoping to gain traction with its Freewheel smartphone service, and Google's Project Fi may someday threaten traditional mobile carriers with its Wi-Fi-first model.