Altice Seen Acquiring Verizon’s Local FiOS Business

By | June 3, 2015

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French telecom firm Altice could buy Verizon Communications’ (VZ) local, residential wireline business, including its FiOS TV and Internet business, speculates Citigroup in a research report. Altice recently acquired a 70% stake in Suddenlink Communications, the No. 7 U.S. cable TV firm, for $7.9 billion. Altice has touted plans to expand further in the U.S. and reportedly approached Time Warner Cable (TWC) about a deal. But Charter Communications Scalper1 News

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