Suddenlink to focus on operations, not M&A

15 Aug 2013

Jerry Kent, CEO of Suddenlink Communications – one of the ten largest cable broadband services providers in the United States – has stated that the cableco is not distracted by the recent M&A frenzy that has swept Wall Street in the wake of Charter Communications preliminary overtures to Time Warner Cable, telling analysts and investors that his company will continue to focus on its core business. Speaking on a conference call to discuss the company’s second quarter results, Kent said: ‘The best thing this management team can do is to focus on our operations … There is a lot of speculation and talk about consolidation within the industry. I think consolidation definitely makes sense – you see broadcasters consolidating … We will continue to look at select acquisitions that make strategic sense for us. We will consider what is in the best interest of our shareholders, but, frankly all the talk has not changed our core philosophy of operating the business and looking just for those select strategic acquisitions’.

In the three months ended 30 June 2013, Suddenlink reported a 5.6% increase in revenue to USD544 million, despite losing 22,900 basic video subscribers and 9,000 residential broadband customers. Voice telephony users grew by 8,200 in the period under review.

United States, Suddenlink Communications