A French entrepreneur is intent on a multi-billion dollar dealmaking spree in the US
Reuters/Philippe Wojazer
The communications giant, which raised $1.9 billion in an IPO of its US arm earlier this summer, is reportedly weighing a bid for Charter Communications.
After buying Cablevision for $17.7 billion last year to become the 4th largest cable provider in the country, Altice USA could rise to number 3 with an acquisition of Charter, only behind Time Warner and Comcast.
Back in Europe, Altice has quickly bought up competitors like France's SFR and Portugal's PT. Last month, Altice bought Dutch video ad tech startup, Teads, for $307 million.
"My vision is to do the same in the U.S., but bigger," Altice CEO Drahi told the Wall Street Journal back in 2015, and so far it looks like things are working out.
Here's everything you need to know about the billionaire behind some of the biggest telecom deals of this decade.
Note: Lucinda Shen contributed to an earlier version of this post.
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