M&A Deal Summary

Altice Acquires Service Electric Broadband Cable

On July 13, 2020, Altice acquired media company Service Electric Broadband Cable

Acquisition Highlights
  • This is Altice’s 3rd transaction in the Media sector.
  • This is Altice’s 6th transaction in the United States.
  • This is Altice’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2020-07-13
Target Service Electric Broadband Cable
Sector Media
Buyer(s) Altice
Deal Type Add-on Acquisition

Target

Service Electric Broadband Cable

Sparta, New Jersey, United States
Service Electric Broadband Cable is a regional cable operator that provides high-quality broadband, video, mobile, and news offerings to thousands of additional homes and businesses. Service Electric is based in Sparta, New Jersey.

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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 6 of 7
Sector (Media) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 6 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 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.

Buy $200M
FOLLOWING 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 -
Mergr

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