FCC clears Altice’s $17.7 billion Cablevision bid
The FCC ruled Tuesday, May 3, 2016, that Altice's $17.7 billion deal for Bethpage-based Cablevision Systems "serves the public interest." Credit: Newsday / J. Conrad Williams Jr.
The Federal Communications Commission ruled Tuesday that Altice N.V.’s $17.7 billion deal for Bethpage-based Cablevision Systems Corp. “serves the public interest.”
The FCC cited potential “benefits of increased broadband speeds and more affordable options for low income consumers.” The ruling is a key regulatory approval for the deal.
Later this month, New York State and New York City regulators will weigh in. Altice said in a statement that it’s “pleased with the FCC issuance of the approval order,” adding, “We continue to make good progress towards a transaction closing in the second quarter of this year.”
Altice, headquartered in the Netherlands, is a multinational cable and telecommunications company with operations in Western Europe, Israel, the French Caribbean, the Dominican Republic, the Indian Ocean and the United States.
Cablevision provides cable TV, high-speed Internet access and digital phone service, and owns media properties including Newsday, News 12 Long Island and amNewYork.
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
