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Cablevision is one of the largest cable providers in the US with 3.1 million residential and business customers. As part of the acquisition, Altice would also getting Cablevision-owned newspapers Newsday and amNewYork.

Cablevision Systems Corp., the Bethpage-based cable and internet provider, was acquired by European telecom company Altice Group Wednesday for $17.7B.

Altice, the telecommunications giant in Europe, announced on Thursday that it is buying Cablevision for just over $17.7 billion, as the business pushes further into the cable market in the USA that is quickly consolidating.

Once consolidated, the merged Cablevision-Suddenlink entity will be the fourth largest US cableco by subscribers, Altice claims. Cablevision provides services to approximately three million homes mostly in New York, Connecticut and New Jersey.