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Verizon, Altice Deal Seen Likely, Not Cablevision

2015-09-10 19:56:34| IT Services - Topix.net

Altice has touted plans to expand further in the U.S., though Jason Bazinet, an analyst at Citigroup, says Verizon's FiOS residential business on the East Coast is bigger than New York-based Cablevision and makes a more attractive target. "With Cablevision's equity already at around 28, we believe the market is pricing in significant M&A premium into the stock," wrote Bazinet in a research report.

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