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Exclusive - Altice looking at acquiring Time Warner Cable: source

Published 20/05/2015, 00:10
© Reuters. Time Warner Cable office is pictured in San Diego
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By Liana B. Baker

NEW YORK (Reuters) - French telecom group Altice SA (AS:ATCE) is looking at acquiring Time Warner Cable Inc (N:TWC) and has held talks with the U.S.-based company about a potential deal, according to a source familiar with the matter.

Since its merger with Comcast fell apart last month, Time Warner Cable has also being circled by small rival Charter Communications (NASDAQ:CHTR).

Altice is also looking at privately held Suddenlink, Reuters reported earlier on Tuesday.

© Reuters. Time Warner Cable office is pictured in San Diego

Time Warner Cable declined to comment while Altice could not immediately be reached for comment.

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