The Traderszone Network

Published in TZ Latest News 26 May, 2015 by The TZ Newswire Staff

Altice’s ambitions for U.S. undimmed after Time Warner Cable setback

Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice (ATCE.AS), will not let missing out on Time Warner Cable (TWC.N) dissuade him from further expansion in the United States, people familiar with the situation said. Taking his first step across the Atlantic last week by agreeing to buy Suddenlink cable group for $9.1 billion [CQUELS.UL], Drahi also held early talks with Time Warner Cable and weighed a bid, sources had told Reuters. Charter has offered to buy Time Warner Cable for $56 billion, seeking to combine the No. 3 and No. 2 U.S.

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