BC Partners, CPP Investment Board sell Suddenlink stake to Altice
December 23, 2015
BC Partners, CPP Investment Board and company management have completed the sale of a 70% stake in U.S. cable operator Suddenlink to Altice (AMS: ATC). The transaction implies a total enterprise value for Suddenlink of approximately $9.1 billion. The company serves 1.45 million homes and more than 90,000 businesses across 17 U.S. states. BC Partners and CPP Investment Board, which are retaining a 30% stake in the company, had acquired Suddenlink in 2012.