Altice Wins FCC Approval for Purchase of Cablevision

Reuters: The U.S. Federal Communications Commission said it had approved European telecoms group Altice’s acquisition of U.S. cable company Cablevision in a $17.7 billion deal. The Dutch firm still needs approval from the state of New York and New York City. If the deal is approved, Altice would become the fourth largest U.S. cable provider. Cablevision has 3.1 million subscribers, mostly in New York, New Jersey and Connecticut.