Altice completes deal to buy Cablevision for $17.7B

Executives from Altice announced Tuesday that the deal to buy Cablevision for $17.7 billion has been completed.

Executives from Altice announced Tuesday that the deal to buy Cablevision for $17.7 billion has been completed. (6/21/16)

WOOBURY - Bethpage-based Cablevision officially has new ownership.

Executives from Altice announced Tuesday that the deal to buy Cablevision for $17.7 billion has been completed.

Altice's acquisitions of Cablevision and Missouri-based Suddenlink form "Altice USA," which is the fourth-largest cable company in the country.

Altice USA is the parent company of News 12 Long Island.

 

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The cable company will be bought by the telecom company Altice for $17.7 billion.

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