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...The US assets were inherited from his father Charles, founder of Cablevision and HBO, and it is that privilege combined with Dolan’s bombastic style that seems to so irk his detractors....
...James Dolan, the son of Cablevision and HBO founder Charles Dolan, is one of the most powerful men in New York, already a household name across the five boroughs....
...Drahi instead settled on a smaller prize: paying $28bn for two subscale regional telecoms companies, Suddenlink Communications and Cablevision....
...Instead, he bought two subscale regional telecoms companies, Suddenlink Communications and Cablevision....
...deals, with the most active period from 2012 to 2016 when he splashed out more than €50bn to buy SFR, France’s then second-biggest telco, the former monopoly Portugal Telecom, and two US cable operators Cablevision...
...His big break in business came as chief financial officer of Cablevision Industries, a cable company that was acquired by Time Warner for more than $3bn in 1996....
...Within months it landed the $17.7bn takeover of Cablevision, which propelled it into fourth place in US cable, and it was linked with a huge $185bn attempt to buy Charter....
...beyond France into Portugal, Israel and the Dominican Republic, Altice has most recently been increasing its footprint in the US, notably with the acquisitions of cable operators Suddenlink in 2015 and Cablevision...
...In 2015-16 the Federal Communications Commission reviewed Altice’s application to acquire Cablevision (now Optimum) in the US....
...The company has in recent years spent billions of dollars on SFR, France’s second largest wireless operator, Portugal Telecom and US cable operators, Cablevision and Suddenlink....
...It now serves 4.9m customers in 21 states, thanks to its leveraged acquisitions of Suddenlink Communications and Cablevision in the past two years....
...the contrary, it has delivered much of the cost savings and operational improvements it had pledged, particularly at its listed unit in the US that represents the $30bn of acquisitions of Suddenlink and Cablevision...
...The European telecoms tycoon spent nearly $30bn in recent years to acquire small cable television operators Cablevision and Suddenlink, combining them to form Altice USA....
...It has been expanding its presence in the US with the acquisitions of Suddenlink Communications in May 2015 and Cablevision Systems the following year....
...The move is the latest in the a foray in the US that began two years ago, when Altice bought two regional cable companies — Suddenlink Communications in May 2015 followed by Cablevision Systems the following...
...cable subsidiary in New York to position itself for more dealmaking in America, but has managed to win support from shareholders thanks to the speed with which it has delivered operational improvement at Cablevision...
...More recently, it has turned its sights on the US, spending $27bn on the acquisitions of Suddenlink Communications and Cablevision before floating a stake in the combined business this summer....
...The US company, which serves about 5m customers in 21 states, was formed from Netherlands-listed Altice’s leveraged acquisitions of Cablevision Systems and Suddenlink Communications over the past two years...
...in stark contrast to how things looked this summer when it went to list its US businesses and investors flocked to the offering, praising the improvements the Drahi-Combes duo had made at Suddenlink and Cablevision...
...Drahi’s telecoms empire, which serves 4.9m customers in 21 states, detailed in a filing that its net debt stands at just over $20bn, following the leveraged acquisitions of Suddenlink Communications and Cablevision...
...In June last year, Cablevision closed its mobile network Freewheel, which operated exclusively over WiFi hotspots, after it failed to lure enough customers....
...The Netherlands-based telecoms group entered the US two years ago with the acquisitions of regional operators Cablevision and Suddenlink, and listed its US cable subsidiary to position itself for more dealmaking...
...But it also swelled Altice’s debt, which will have grown to just over €50bn by the end of this year from €1.7bn in 2012, assuming the completion of the Cablevision deal....
...Cablevision, like other US cable companies, has seen its revenues hit as more tech-savvy customers watch television over the internet....
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