Altice has completed the acquisition of 70% of the share capital of US cable operator Suddenlink.
Altice also announced that Jerry Kent, Outgoing Founder, Chairman and CEO of Suddenlink, is reinvesting alongside Altice into Altice USA. Kent will also become Chairman of a newly formed Advisory Council at Altice USA, the other members of which will be announced later. Altice also announced its executive leadership team in the United States.
Dexter Goei, Chief Executive Officer of Altice Group, will assume the additional role of Executive Chairman of Altice USA
“We are delighted that the transaction with Altice has now closed, and look forward to the next chapter in Suddenlink working closely with Patrick, Dexter and their very experienced team,” comments Raymond Svider, co-Chairman and a Managing Partner of BC Partners