Europe's Altice Buys US Cablevision in $17.7 Billion Deal
Franco-Israeli media magnate Patrick Drahi’s telecoms giant Altice
announced Thursday a $17.7 billion (roughly Rs. 1,17,085 crores) takeover of the
US cable operator Cablevision.
The agreement could accelerate the
reshaping of the pay TV and broadband sector at a time when US consumers
are increasingly “cutting the cord” on pricey traditional cable
services and turning to streaming content providers such as Netflix and