FCC Bureaus Clear Altice-Suddenlink Deal

摘要

The FCC's Wireline Competition, International, Media, and Wireless Telecommunications bureaus have given clearance to applications by Luxembourg-based cable, wireless, and data services provider Altice N.V. to transfer licenses and authorizations in connection with its agreement to buy a 70% stake in Cequel Corp., a St. Louis-based provider of voice, video, and data services doing business as Suddenlink Communications, under an agreement announced last May. Terms of the agreement value Suddenlink at about $9.1 billion. The company has about 1.5 million residential customers and 90,000 business customers in Texas, West Virginia, Louisiana, Arkansas, and Arizona, and generated $2.3 billion of revenue last year.