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About Cablevision Systems
Cablevision Systems Corporation is an American cable television company with systems serving areas surrounding New York City. It is the fifth-largest cable provider and ninth-largest television provider in the United States, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania. From 2011 to 2013, the corporation also served approximately 300,000 customers in Colorado, Montana, Utah, and Wyoming under the Optimum West brand until it was sold to Charter Communications in 2013. Cablevision also offers high-speed Internet connections (Optimum Online), digital cable (Optimum TV), and VoIP (Optimum Voice) phone service (the eighth-largest telephone provider in the U.S.) through its Optimum brand name. As of February 2015, Cablevision also offers a WiFi-only mobile phone service dubbed Freewheel.
On September 17, 2015, Netherlands-based Altice announced its intention to acquire Cablevision from the Dolan family for $17.7 billion. The deal is expected to close in 2016, pending approval from the FCC and United States federal regulators. Under the terms of the deal, Altice has offered $34.90 in cash for each share in Cablevision and a 22% premium to the company's stock price; Altice will also assume Cablevision's debt.