Altice has not been lacking in appetite lately. After having bought the French operator SFR for 13.5 billion euros, the French operator Virgin Mobile for 325 million euros and the Portuguese operator Portugal Telecom for 7.4 billion euros, the Luxembourg consortium created and led by businessman Patrick Drahi would like to get his hands on the North American cable operator Suddenlink Communications and his 1.5 million customers spread across a dozen states.
Negotiations are said to be underway with private equity group BC Partners and a Canadian pension fund. They could lead to an agreement this Wednesday, for a buyout included between 8 and 10 billion dollars.
According to the Wall Street Journal, the source of the information, the transaction would allow the Altice group, specializing in telecommunications, to set foot in the Land of Uncle Sam. The parent company of SFR-Numéricâble is indeed targeting much bigger, since she would be eyeing Time Warner Cable, number two with 11 million customers.
If Time Warner Cable is valued at $ 45 billion, he finds himself in a situation of potential prey since the blocking of the regulatory authorities for his rapprochement with the number one Comcast. The fact remains that Patrick Drahi is not the only candidate in the running. American billionaire John Malone is also there. It is therefore far from being won.