Altice to woo regulator with NYC fibre rollout?

19 Nov 2015

The Altice Group has been linked with a plan to deploy fibre-to-the-premises (FTTP) infrastructure in New York City, which is being seen as a bid to appease regulators ahead of its USD17.8 billion takeover of Bethpage, NY-based cableco Cablevision. According to the New York Post, which cites unnamed sources, Altice executives have staged meetings with the New York City Department of Information Technology and the Public Service Commission to discuss the matter, referencing its fibre accomplishments in Europe. It has been suggested that the regulators are displeased by reports that Altice seeks to wring USD900 million in savings out of Cablevision, via aggressive budgetary streamlining and job cuts.

The New York Post article notes that the issue of fibre-optic connectivity remains something of a sore point, after Verizon’s well-publicised failure to deploy its FiOS fibre network across the city, as agreed in its 2008 franchise agreement. A report released in June this year by the city’s Department of Information Technology and Telecommunications found that out of more than 40,000 requests made for the service, 75% remained unfulfilled for twelve months or longer, prompting New York Mayor Bill de Blasio to lambast the telco.

United States, Altice Europe, Cablevision Systems (Optimum), Next Alt