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© Reuters. FILE PHOTO: The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wojazer/File Photo
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© Reuters. FILE PHOTO: The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wojazer/File Photo
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(Reuters) -Broadband service operator Altice USA Inc said on Thursday it had decided to keep its regional internet and cable business, Suddenlink, following a strategic review.
Shares of Altice were down about 3% in trading before the bell.
A source told Reuters in July that Altice was working with advisers to explore a sale of the unit and had hired Goldman Sachs (NYSE:) to run the sale process. The business could be valued at $20 billion, including debt, Reuters had reported.
Altice acquired Suddenlink for $9.1 billion in 2015.
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