Altice Buying Suddenlink for $9.1 Billion

Altice SA, a Luxembourg-based cable and mobile phone operator, says it's buying a controlling stake in Suddenlink Communications in a deal that values the Missouri-based cable TV provider at $9.1 billion.

Altice will purchase 70 percent of Suddenlink with a combined debt and cash offer from existing owners BC Partners and CPP Investment Board, and company management. Suddenlink serves cable subscribers in Arizona, Arkansas, California, Idaho, Kansas, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Texas, Virginia and West Virginia.