A month after announcing its intentions to buy Cablevision for a whopping $17.7 billion, Altice has officially filed with the FCC to purchase Cablevision from the Dolan family.
In the filing, which you can read here, Altice reiterates its contention that its Cablevision purchase won’t cause anticompetitive effects in the New York market, citing Verizon’s FiOS and Time Warner Cable as competitors in New York.
Altice says in the filing that Cablevision will benefit from Altice’s increased capitol, and the innovations Altice makes in Europe can be brought to New York.
Cablevision has 2.65 million pay-TV customers, around 2.6 percent of the U.S. market. Altice has also paid $9.1 billion to acquire a controlling interest in Suddenlink and its 1.5 million subscribers. The combined Altice company would control around 3.5 million pay-TV customers in America, making it the fourth largest cable operator.