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© Reuters.
Investing.com — Altice rallied Monday as Constitution Communications is reportedly weighing up a proposal for the broadband and video service firm, Bloomberg report Monday, citing unnamed sources.
Altice USA Inc (NYSE:) jumped greater than 50% in current buying and selling following the report.
Constitution Communications (NASDAQ:) has enlisted the providers of monetary advisors to guage a possible bid for smaller rival Alice, the report mentioned.
The information of a possible tie-up between the 2 corporations come amid a tough backdrop owing to rising competitors from wi-fi broadband suppliers.
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