French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter.
Suddenlink Communications
Breaking News
French telecommunications group Altice SA said it agreed to buy Suddenlink Communications in a deal valuing the company at $9.1 billion to enter the fast-growing U.S. cable sector.
Private equity firm BC Partners and one of Canada's top pension funds are joining forces with the management of Suddenlink Communications to buy out the U.S. cable operator in a deal worth about $2.5 billion.
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