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Altice scraps sale of Suddenlink unit

2 Dec 2022

Altice USA has announced that it has concluded its previously announced review of strategic alternatives for its Suddenlink business. The company stated: ‘Over the course of the past several months, the company has been considering options for, including the potential sale of, its Suddenlink business. Following this evaluation, the Board of Directors has unanimously determined that continuing to operate Suddenlink and pursuing the company’s long-term business plan represents the best path forward for Altice USA and its stockholders.’

According to TeleGeography’s GlobalComms Database, Altice USA was formed in June 2016, following the completion of Altice Group’s USD17.7 billion acquisition of Cablevision Systems (trading as Optimum). Previously, in December 2015, Altice closed the USD9.1 billion takeover of Suddenlink. As per press reports this summer, Suddenlink’s current valuation was in the region of USD20 billion.

United States, Altice USA (Optimum)

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