Altice USA to keep Suddenlink business after strategic review

Altice USA Inc will retain its regional internet and cable business, Suddenlink, the broadband service operator said on Thursday, following a strategic review.

The company, controlled by Franco-Israeli telecoms tycoon Patrick Drahi, had hired Goldman Sachs to run the divestment process, a source told Reuters in July, with the business likely fetching a valuation of $20 billion including debt.