Altice completed the acquisition of a 70% stake in Suddenlink from BC Partners and CPPIB in a $9.1bn deal.

Altice, a telecommunication company, completed the acquisition of a 70% stake in Suddenlink, a regional cable company, from private equity firms BC Partners and CPPIB, in a $9.1bn deal. "Altice is very excited to officially acquire its first asset in the United States and welcome Suddenlink and its employees to our international group. Suddenlink is a strong, leading business which we plan to continue to develop and grow through investment in infrastructure, innovation in technology and by integrating best practices from our brands around the world. We look forward to BC Partners and CPP Investment Board continuing as significant Suddenlink shareholders, and thank Jerry Kent and his team for delivering to us a best-in-class business. We also look forward to continuing to work with Jerry as an advisor and benefit from his deep knowledge of the US cable market," Dexter Goei, Altice CEO.