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...Instead, he bought two subscale regional telecoms companies, Suddenlink Communications 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....
...In June last year, Cablevision closed its mobile network Freewheel, which operated exclusively over WiFi hotspots, after it failed to lure enough customers....
...France’s Altice, which owns the fourth-biggest cable player in the US, Cablevision, has said it will look for deals....
...The last time a company pulled an already-issued bond was Legends Gaming in 2007, and Cablevision did something similar in 2005, he recalled....
...Altice, the French telecom upstart, has made an expensive splash in the US by buying up marginal providers Suddenlink and Cablevision for $27bn in recent years....
...Cablevision’s 3.1m customers are concentrated in the greater New York market....
...It is more than two years since TWC inked a surprise deal with Comcast Corp to assemble America’s largest cable television and broadband provider....
...Among other things, the European cable group broke into the US market for the first time with the acquisition of Suddenlink and, shortly after that, Cablevision....
...But like Cablevision, it may ultimately be too slim to survive on its own....
...Last week Altice, the French cable giant, was forced to lower the size of a bond offering to finance its takeover of Cablevision....
...Two of those, Cablevision and Charter Communications, have now subtly shifted their personas to “connectivity” companies (Cablevision has even unveiled a mobile WiFi phone service called Freewheel)....
...Shares of Cablevision, the fourth-largest pay-TV operator controlled by New York’s billionaire Dolan family, surged 22 per cent last week on speculation about further consolidation....
...A combined Charter-TWC may then look to buy another company such as Cablevision, controlled by New York’s Dolan family....
...It is a plum job obtained through his status as scion of the Cablevision family....
...The sector, which also includes Charter Communications and Cablevision, has outperformed the US market over the past five years. That strong result may not be totally merited, however....
...Cablevision was one of the few companies that consistently delivered 100 per cent or better of its advertised speed to 80 per cent of FCC panellists 80 per cent of the time during peak periods, the agency...
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...She calls Cablevision the “missing geographic link”....
...Rival media provider Cablevision also rose, up 5.8 per cent to $15.79....
...The Centre for Copyright Information, which was formed by the MPAA, RIAA and five US internet service providers – Verizon, AT&T, Cablevision, Comcast and Time Warner Cable – sponsored Internet Keep Safe,...
...But Time Warner Cable has been reportedly cool thus far, so turning to Cablevision, controlled by the Dolan family, is the next logical step....
...Time Warner Cable, up 4.3 per cent to $103.64, construction retailer Lowe’s, 2.6 per cent higher to $40.53, and Cablevision, 2.6 per cent better to $15.42, were notable gainers in the sector....
...Mr Maffei said Charter’s management, led by Tom Rutledge, a former Cablevision chief executive, would position it well for future deals. “There’s likely to be a consolidation....
...Charter last month offered $1.63bn for Optimum West, a cable operator sold by Cablevision that reaches more than 300,000 video subscribers in Colorado, Montana, Wyoming and Utah....
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