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Altice USA CEO says cable TV will die and broadband and wireless companies should merge – CNBC

The CEO of Altice USA, the fourth largest U.S. cable provider by subscribers, says it’s only a matter of time before cable TV dies off.

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When French telecommunications company Altice acquired U.S. cable companies Cablevision and Suddenlink, Chairman Patrick Drahi made a bold statement: Altice USA would rival Comcast and Charter in size, becoming one of the three dominant U.S. cable operators.
Fast forward nearly six years, and Altice USA has about 5 million customer relationships, compared with about 31 million each for Comcast and Charter. (Altice USA did announce a $310 million acquisition of Morris Broadband on Monday, which will…

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