Altice Reportedly In Advanced Talks To Buy Suddenlink; Eyes Time Warner Cable

(RTTNews) - Altice (ATCV.OB), a company controlled by French cable investor Patrick Drahi, is in advanced talks to acquire U.S. cable operator Suddenlink Communications in a deal that would be valued at $8 billion to $10 billion including debt and could be announced as soon as this week, the Wall Street Journal reported citing a person familiar with the matter.

Separately, Altice is eyeing Time Warner Cable Inc. (TWC), whose merger with Comcast Corp. was called off last month, reports said. Deliberations on a deal are at an early stage and may not result in an agreement.