FTC Approves Charter's Acquisition of Optimum West
$1.625 Billion Deal Gets the Green Light
The FTC has given their approval
for Charter's acquisition of Cablevision's "Optimum West" territories for $1.625 billion in cash. The 300,000 customers in Colorado, Montana, Wyoming and Utah have only just seen the paint dry on their last sale, from Bresnan Communications to Cablevision
for $1.37 billion just two years ago. Charter beat back companies like Suddenlink and Time Warner Cable who were also interested. "Optimum West is an ideal fit for Charter and we anticipate an efficient integration process," said Charter CEO Tom Rutledge. Rumors meanwhile have intensified that Cablevision may finally be sold
, with Time Warner Cable the most likely suitor.