Raymond Svider
Chairman of BC Partners, Chairman of the Management Committee
Altice USA (Cablevision - Suddenlink)
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In July 2012, BC Funds acquired Altice USA (Cablevision - Suddenlink) in a proprietary transaction. Altice USA (Cablevision - Suddenlink) is the 7th largest US cable TV company focused mainly on smaller markets in the mid-west and south of the country.
Altice USA (Cablevision – Suddenlink) is the 7th largest US cable TV company focused mainly on smaller markets in the mid-west and south of the country. Suddenlink specialises in cable-television, high-speed internet, broadband phone, home security and advertising.
In December 2015 Suddenlink was sold to Altice S.A. with BC and co-investors retaining a significant stake in the business. At the time of the sale Suddenlink had 1.5 million residential and 90,000 business subscribers.
Soon after, Altice acquired Cablevision in June 2016, the leading cable operator in the New York metropolitan area, which represents an attractive US cable market characterised by affluence and population density. BC exercised the option to participate pro rata in the further development of the business, which was renamed Altice USA and is now the number four cable operator in the US with c. 4.6m customers across more than 20 states.
Altice USA IPO-ed in June 2017, and trades on the NYSE under the symbol “ATUS”.
- Sector
- TMT
- Strategy
- Private Equity
- Region
- North America
- Investment status
- Realised
Team involved
Fahim Ahmed
Chief Operating Officer, Member of the Management Committee
Company news
Press Release
BC Partners Completes Sale of Suddenlink to Altice
Altice N.V. (Euronext: ATC, ATCB) today announced it has completed the acquisition of 70% of the share capital of Suddenlink…
Press Release
BC Partners and Canada Pension Plan Investment Board to Sell 70% Stake in Suddenlink
New York, USA and Toronto, Canada (May 20, 2015): BC European Capital IX (BCEC IX), a fund advised by BC…
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