Altice USA to Acquire Morris Broadband

 Broadband communications and video services provider Altice USA (NYSE: ATUS) signed an agreement to acquire the assets of Morris Broadband, LLC. The transaction will expand Altice USA’s footprint in North Carolina, where it already has a presence with its Suddenlink business.

Altice says the enterprise value is $310 million total for the Morris Broadband business on a debt-free and cash-free basis. Morris Broadband provides high-speed data, video and voice services to approximately 36,500 residential and business customers in western North Carolina. According to Altice, after the acquisition, North Carolina will represent the sixth largest state for Altice, out of its 21 states of operations, in terms of number of residential customers. Continue Reading