Altice completes purchase of 70 percent of cable operator Suddenlink

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"With this acquisition, Altice has officially entered the large and attractive U.S. cable market, further diversifying and balancing its portfolio of high-quality businesses," Altice said in a statement.

It said BC Partners and CPP Investment Board retained a 30 percent stake in Suddenlink.

U.S. regulators approved the deal on Friday.

(Reporting by Bate Felix, editing by David Evans)