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Altice weighing takeover offer for Charter - sources


By Liana B. Baker and Anjali AthavaleyREUTERS - Netherlands-based telecom conglomerate Altice NV and its U.S. cable unit are in the early stages of working on an offer to buy Charter Communications Inc, sources told Reuters on Wednesday, in a move that would build more scale in the United States.The proposed plan highlights an expected wave of consolidation in the telecom industry as cable companies look for additional ways to cut costs and grow with more U.S. consumers cutting their cords.It also illustrates the ambitions of Altice's founder, Franco-Israeli billionaire Patrick Drahi, who ...

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First Published: Wed, August 09 2017. 23:35 IST