The $9.1 billion deal, announced in May, will give Altice control of Suddenlink’s 1.5 million subscribers in 17 states. It is the country’s seventh largest cable provider.
“Based on our careful review of the record, we find the transaction is unlikely to result in any significant public interest harms,” the FCC said. “We find that the transaction is likely to result in some public interest benefits of increased investment in local networks facilities and broadband services in Suddenlink’s service territory.”
French telecom mogul and Altice founder Patrick Drahi, above, also announced the proposed $17.7 billion acquisition of Cablevision in September. If approved by regulators, Altice would be the fourth largest cable operator in the United States.