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Report: NYC to conditionally approve Altice-Cablevision deal

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Report: NYC to conditionally approve Altice-Cablevision deal

New York Cityofficials are set to conditionally approve AlticeNV's proposed acquisitionof Cablevision Systems Corp.,the New York Post reported May 5, citinga draft resolution.

The city's Franchiseand Concession Review Committee will recommend approval of the deal on May 11, provided theNetherlands-basedoperator strikes a deal with New York state regulators. The state's Public ServiceCommission reportedly asked Altice to commit to maintaining levels of customer-facingworkers for an "appropriate time period," among other concessions.

Altice has alsoagreed to prioritize Brooklyn and the Bronx in terms of infrastructure upgrades,a spokeswoman for NYC Mayor Bill de Blasio reportedly said.

New York stateofficials are also expected to approve the deal May 20. The FCC the merger May 3.