Scalper1 News
French telecom Altice’s sudden push into the U.S. sets up a potential battle with Charter Communications for Time Warner Cable, as both Altice and Charter eye deals to gain scale so they can bulk up for further takeovers. Altice on Wednesday announced it would buy a 70% stake in Suddenlink Communications, the seventh-biggest U.S. cable TV firm, for about $7.9 billion. Charter (CHTR), rebuffed by Time Warner Cable (TWC) in early 2014, has been Scalper1 News
Scalper1 News