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Altice Reportedly Considers Seeking Equity Funds For Charter Bid

(RTTNews) – Patrick Drahi’s Altice NV is deliberation seeking Canada Pension Plan Investment Board and BC Partners to assistance account a intensity bid to buy wire broadcaster Charter Communications Inc., Bloomberg reported citing people informed with a matter.

Considerations are during an early theatre and it isn’t transparent how most of an equity fasten Drahi might find from a funds, a people said, seeking not to be identified as a sum aren’t public. Altice hasn’t nonetheless rigourously approached BC Partners and Canada Pension about fasten a bid and might confirm not to ensue with an offer, a news said.

Altice and a U.S. subsidiary, Altice USA, are among a organisation of probable suitors for Charter that includes Japan’s SoftBank Group Corp., a news pronounced Aug 9.

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