M&A Deal Summary

Altice Acquires Morris Broadband

On March 1, 2021, Altice acquired communications company Morris Broadband for 310M USD

Acquisition Highlights
  • This is Altice’s 2nd transaction in the Communications sector.
  • This is Altice’s 3rd largest (disclosed) transaction.
  • This is Altice’s 7th transaction in the United States.
  • This is Altice’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-03-01
Target Morris Broadband
Sector Communications
Buyer(s) Altice
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

Morris Broadband

Hendersonville, North Carolina, United States
Morris Broadband is a broadband communications services company providing high-speed data, video, and voice services to approximately 36,500 residential and business customers in western North Carolina.

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Buyer(S) 1

Buyer

Altice

Long Island City, New York, United States
Category Company
Founded 2015
Sector Media
Employees10,600
Revenue 9.2B USD (2023)
DESCRIPTION

Altice is a telecommunications, media, and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.

DEAL STATS #
Overall 7 of 7
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (North Carolina) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Lightpath

Bethpage, New York, United States

Lightpath is an enterprise fiber communications business that improves operational performance and provides strategic and financial flexibility. Lightpath is based in Bethpage, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-29 Cheddar Media

New York, New York, United States

Cheddar Media is a post-cable networks company. Cheddar currently broadcasts two live video news networks: Cheddar Business, which covers the most innovative executives, founders, products, and technologies transforming our lives and economy. Cheddar Media was founded in 2016 and is based in New York City.

Sell -
Mergr

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