Deals
Drahi Wants More U.S. Cable Deals After Buying Cablevision
- French billionaire sees eventual entry into mobile market
- Cost-cutting at Cablevision: `I pay as little as I can.'
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French-Israeli billionaire Patrick Drahi said he isn’t done buying U.S. cable providers and may eventually want to acquire a mobile-phone company.
Speaking just hours after his European telecom company, Altice NV, scooped up Cablevision Systems Corp. in a $17.7 billion deal, Drahi said at a media conference Thursday in New York that he can “still grow the size of the business in the U.S.” and that he saw “more opportunities to consolidate.”