European telecoms giant Altice, run by Franco-Israeli media magnate Patrick Drahi, is to buy the No. 4 US cable operator Cablevision for US$17.7 billion, including debt, a source close to the deal told AFP.
The deal - the latest in a series that has seen Altice emerge as a major telecoms player - was expected to be formally announced on Thursday, before the opening of European stock markets, the source said on condition of anonymity.
The agreement could add to the reshaping of the pay TV and broadband sector at a time when consumers are increasingly “cutting the cord” on pricy traditional cable services and turning to streaming content providers such as Netflix and Hulu.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The deal - the latest in a series that has seen Altice emerge as a major telecoms player - was expected to be formally announced on Thursday, before the opening of European stock markets, the source said on condition of anonymity.
The agreement could add to the reshaping of the pay TV and broadband sector at a time when consumers are increasingly “cutting the cord” on pricy traditional cable services and turning to streaming content providers such as Netflix and Hulu.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment