While Altice NV hasn't conducted wide-scale job cuts at its two recent U.S. cable acquisitions, a Wall Street Journal report describes a workplace dynamic that seems to be having a similar staff-reducing effect.
Cablevision is shutting down its Freewheel in a move that underscores the difficulties cable companies face as they try to elbow their way into the wireless market.
Fresh off the closure of his blockbuster $17.7 billion acquisition of Cablevision, Altice's Patrick Drahi said he will bring the company's Israeli news channel, i24 News, to the U.S. market within the next year.
Before officially closing its acquisition of Cablevision, Altice was under some fire regarding comments that founder and controlling shareholder Patrick Drahi made about job cuts and not liking to pay big salaries. When questioned about the comments by CNBC's David Faber, Altice USA CEO Dexter Goei said Drahi's comments have been a "little misinterpreted."
Michel Combes was appointed CEO of Netherlands-based Altice following a management reshuffle ahead of the launch of the company's new business in the U.S.
Altice is now the fourth largest U.S. cable operator as it completed its $17.7 billion purchase of Cablevision, making it a powerhouse provider of residential broadband and business services.
Altice today announced it officially closed its $17.7 billion deal to purchase Cablevision, which it will combine with its recently acquired Suddenlink to form Altice USA, the fourth largest cable provider in the U.S.
Dutch telecom conglomerate Altice has cleared the final regulatory hurdle for its $17.7 billion purchase of Cablevision.
Lightpath, the business services arm of Cablevision, now reaches 8,000 business locations in its New York footprint, according to a FierceCable report.
As New York regulators finally get ready to sign off on the $17.7 billion purchase of Cablevision by Europe's Altice SA, Cablevision's Ethernet services division, Lightpath, is signaling that business is humming along, as usual.