Altice/Cablevision Review Proceeding 'as Expected,' Cablevision Says
Cablevision still expects its takeover by Altice to close in Q2, as regulatory review is proceeding "as expected," the cable company said Thursday as it announced its Q4 results. Cablevision said it ended the year with 2.59 million video customers,…
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down 87,000 from the end of 2014; 2.81 million high-speed Internet customers, up 49,000; and 2.2 million voice customers, down 36,000. Those video declines were down compared with the losses seen in 2014, Cablevision said. Service initiatives led to 23 percent fewer trouble call truck rolls and 33 percent fewer repeat trouble calls from 2014, it said. The company also ended the year with 1.4 million Optimum Wi-Fi access points deployed. For Q4, revenue was little changed at $1.63 billion, the company said. The FCC unofficial 180-day shot clock for reviewing Altice/Cablevision stood at 112 days on Thursday. As part of its review of Altice/Cablevision, the FCC Thursday issued a protective order limiting access to proprietary or confidential information filed in docket 15-257. The order allows for submitting parties to designate certain types of information as highly confidential, and access to that information is limited to outside counsel of record and outside consultants, as well as their employees who sign acknowledgements of the terms and conditions of the protective order. Cablevision stock closed Thursday at $32.45, up 0.25 percent.