Altice Bids for Cable Operator in St. Louis
ByAfter building up a French cable empire, Altice appears poised to extend its reach across the Atlantic.
The French company is in discussions to buy Suddenlink Communications, a privately held American cable operator, a person briefed on the matter said on Tuesday.
A deal could be announced soon, though this person cautioned that talks were continuing and could fall apart.
If the talks succeed, Suddenlink would be the latest outpost for Altice and its Numericable-SFR broadband operations. Born of a merger of cable networks, Numericable-SFR is one of the biggest telecommunications companies in France, claiming some 6.5 million fixed-line customers and 22.5 million mobile customers…