6.15.16 - New York State Regulators Clear Altice Purchase of Cablevision
"New York state regulators on Wednesday approved, with conditions, Altice NV’s acquisition of Cablevision Systems Corp., clearing the way for the $10 billion deal to close in the second quarter."
"The New York Public Service Commission said the conditions include promises to upgrade the company’s broadband speeds, offer services aimed at assisting low- and middle-income customers, and protect jobs related to customer service."
"In addition, Altice would have to upgrade its infrastructure to better handle weather emergencies, such as superstorm Sandy, and open its Wi-Fi network, free and to all residents, during a state or federal declared emergency."
Read the full Wall Street Journal article here