Scalper1 News
Investors bidding up Cablevision Systems’ (CVC) stock on expectations that the cable TV firm will be acquired by French telecom firm Altice could be disappointed, says Citigroup, which sees an Altice purchase of Verizon Communications’ (VZ) FiOS business and wireline assets as likelier. Cablevision stock has shot up since May on speculation over an Altice takeover bid, fueled by Altice’s purchase of U.S. regional broadband provider Suddenlink Scalper1 News
Scalper1 News