Charter to buy Optimum West from Cablevision for USD1.6bn

8 Feb 2013

Charter Communications has confirmed that it will buy Cablevision Systems’ western cable assets, known as Optimum West, for USD1.625 billion. In June 2010 Cablevision agreed to buy a controlling stake in smaller cable rival Bresnan from Providence Equity Partners in a debt and equity deal worth USD1.37 billion, going on to rebrand it Optimus West. Charter, Time Warner Cable (TWC) and Suddenlink Communications all made offers for the unit, but it is believed that Charter had the edge because its CEO, Tom Rutledge, was previously Cablevision’s former chief operating officer.

United States, Cablevision Systems (Optimum), Charter Communications (Spectrum, incl. Spectrum Mobile)