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Altice weighing takeover offer for Charter: sources


By Liana B. Baker and Anjali Athavaley(Reuters) - 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.A wave of consolidation is expected in the telecom industry as cable companies seek additional ways to cut costs and grow with more U.S. consumers cutting their cords.A deal for Charter would allow Altice's founder, Franco-Israeli billionaire Patrick Drahi, to bring his business model to bear in ...

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First Published: Thu, August 10 2017. 01:48 IST