FCC approves Altice acquisition of Suddenlink

Photo Courtesy of MultiChannel News
Photo Courtesy of MultiChannel News

The Federal Communications Commission said on Friday it approved the $9.1 billion sale of regional cable company Suddenlink Communications to European telecoms group Altice NV.

The Dutch firm announced in May its acquisition of a majority stake in Suddenlink, the Town and Country-based cable company founded by Jerry Kent. The deal was Altice’s first U.S. acquisition.

The FCC said in its order that the Suddenlink sale “serves the public interest” and was unlikely to have “adverse competitive effects.”

Read more from the St. Louis Post-Dispatch

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