The other purported suitors out there for Charter were most recently Japan's SoftBank Group Corp. -- which is desperate to find a partner for its Sprint Corp. wireless business -- and Verizon Communications Inc. earlier in the year.
Charter has said some of its own decline was due to it ending promotions that the legacy Time Warner Cable business was heavily dependent on as it transferred customers to Spectrum packages -- that's the new consumer-facing brand name for the combined company's video, internet and phone services.
But of higher priority may be investing in its wireless network, which Charter plans to launch and offer to its cable customers next year via a service resale agreement it has with Verizon.
Altice, which took its U.S. business public in June after it acquired Cablevision Systems Corp. for almost $18 billion last year, obviously has lofty expansion goals for this side of the Atlantic.
With borrowing rates so low and with such a large appetite for megamergers to stave off subscriber losses, it's no wonder all kinds of deal scenarios are cropping up these days.
- French telecom giant Altice weighing bid for Charter in what could be $200 ...Yahoo Finance
- Altice lines up $185bn pitch for cable group CharterFinancial Times
- Altice Weighing Offer for Charter CommunicationsTheStreet.com
- A French entrepreneur is intent on a multi-billion dollar dealmaking spree in ...Business Insider
- Altice prepping bid for Charter: reportFierceCable
- Report: Altice Weighing Charter OfferMultichannel News
- Altice weighing takeover offer for Charter: sourcesReuters
- Altice Considers A Play For Charter Communications: ReportDeadline
- Report: French Telecom Altice Prepping Bid For Charter CommunicationsCRN