CABLEVISION ACQUISITION INVESTORS BACKED UP ALTICE

It has been reported that Altice NV (ATC.AE) are teamed up by Pairs and also both firms BC partners and also the Canadian pension fund (CPP) that also hold with them the control by the telecom that has been emerged French tycoon Patrick Drahi over the time in U.S. that is also based on the cable firm Cablevision Systems Corp.
These two corporations set the data up to 30% stake of equity in Cablevision for $1 billion, Atice also told this in one of their statements. There is also an option between them for a 30% stake in Cablevision last month when this deal was publically announced.
Altice also said that with each other and with the present Cablevision debt financing there is equity insurance and also there are full funds of the acquisition of Cablevision.
This operation came into being on Tuesday by Mr. Drahi, who gave it as a huge pile of debt to look into these acquisitions in the sector of telecom in Europe and also in the U.S. that told the investors are sure about the bet that paid off. He also added that he may tell about the savings for his new acquired company that will be able to pay the debt.