The holding company buying Suddenlink sought FCC approval for the deal. ...
The holding company buying Suddenlink sought FCC approval for the deal. Nespresso Acquisition Corp., formed to buy the cable operator that’s formally named Cequel and does business as Suddenlink, and the operator jointly filed an application. The deal would “promote…
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the public interest by ensuring that Cequel will have the resources necessary to continue competing effectively,” the filing posted Thursday in docket 12-207 said. “The Transaction, which entails only a change in ownership at the parent company level, also will be entirely seamless for customers, as it will not result in any change of management” or stopping services, it said (http://xrl.us/bnieiq). Suddenlink agreed earlier this month to a $6.6 billion takeover by Nespresso affiliates BC Partners and CCP Investment Board (CD July 20 p8).