Altice Deal Broadcasts Big Changes In Telecom Sector
By Benjamin Horney (May 22, 2015, 6:30 PM EDT) -- When European telecommunications titan Altice SA revealed earlier this week that it had agreed to buy a massive chunk of private equity-backed Suddenlink Communications, it marked Altice's entry into the U.S. cable market, and experts say this deal exemplifies some big-time shifts in the way the sector views its future.
That deal, combined with other recently announced deals within the industry, including Verizon Communications Inc.'s $4.4 billion purchase of AOL Inc. and Nokia Oyj's $16.6 billion pickup of rival Alcatel-Lucent SA, provides the blueprint for some fundamental changes that are occurring in an industry in the midst of massive evolution. ...
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