Investment Banking

A cable crossover for Morgan Stanley bankers old and new

A push into the US cable market by the acquisitive conglomerate Altice has the potential to set up an intriguing advisory tussle

Wednesday 20 May 2015 at 17:46

Altice founder Patrick Drahi
Altice founder Patrick Drahi Photo: Getty Images

A push into the US cable market by the acquisitive conglomerate Altice has the potential to set up an intriguing advisory tussle between Morgan Stanley dealmakers past and present.

Altice, whose ranks have grown with the addition of ex-Morgan Stanley bankers over the past two years, today said it would buy a 70% stake in Suddenlink in a deal that values the US cable company at $9.1 billion.