As it attempts to obtain regulatory approval for its pending purchases of Cablevision and Suddenlink Communications in the United States, analysts are concerned that France's Altice's cost-cutting plans for the two companies may be too aggressive.
Altice has put in place the final piece of the puzzle in regard to funding its purchase of Cablevision, with two investment funds contributing $1 billion for a 30 percent stake in the MSO.
Verizon, Cablevision and Time Warner Cable have become the subject of a New York Attorney General investigation over whether they charged consumers for speeds slower than what they advertised.
Verizon may be selling off a sizeable piece of its wireline network base to Frontier, but the service provider will have a concentrated FTTH base allowing it to effectively compete with Altice when the France-based company completes its Cablevision acquisition.
Cablevision announced that it settled its antitrust lawsuit against Viacom. The companies did not announce the terms of their agreement. The companies also said that they are "simultaneously entering into mutually beneficial business arrangements," but they did not provide details.
Altice filed an application with the FCC for its proposed $17.7 billion purchase of Cablevision, telling the regulatory agency that deal will help the MSO's position in a crowded New York market while increasing competition overall.
Cablevision and Verizon have settled lawsuits over an advertising battle in which each service provider criticized the actual speed of each other's Internet service offerings.
Cablevision and Verizon have settled litigation over an advertising war in which each operator disparaged the other's Internet speed offerings.
Cablevision's big anti-trust showdown with Viacom over program bundling could be headed for a quiet settlement.
Altice's stated goal of trimming $900 million in annual costs from its new cable acquisition, Cablevision, will start with the departure of the MSO's top 10 executives, Altice CEO Dexter Goei said.