Cablevision Could be Sold within 18 Months, Citigroup Says

(Ping! Zine Web Tech Magazine) – Cablevision Systems will likely be sold – at least claims Citigroup.

According to a report from Investors.com, the popular cable provider could be bought either by Time Warner Cable or Charter Communications – as indicated by analyst Jason Bazinet in a report released by the bank.

The time frame for a sale? 18 months (That’s a year and a half if you’re guessing).

Cablevision doesn’t just provide for TV. It also offers High Speed Internet. Cablevision was most recently affected following Hurricane Sandy – losing users due to outages. Such information was provided by the company’s Q4 results.

 

Advertisement