Altice Acquires Service Electric Cable of New Jersey to Expand Broadband Network





Altice US is growing its footprint in the broadband world with the purchase of Service Electric Cable of New Jersey. The deal was first announced in February and was completed today in a $150 million buyout deal.

Service Electric customers now see this message on their internet provider’s website:

Service Electric Broadband Cable has joined the Optimum family. You will soon gain access to all the incredible products and services Optimum has to offer. As we work through the transition of integrating Service Electric Broadband Cable into the Optimum family, you will see a broader selection of services including improvements to your Internet & TV experiences – like new channels, faster speeds and exclusive savings on our Mobile service.

“Covering almost the entire length and breadth of the county, Service Electric Cable offered cable, telephone and Internet services to about 30,000 local customers. With coveted assets that boast attractive broadband growth opportunities, the transaction provides Altice a much-needed boost to cement its regional presence,” Nasdaq shared of the deal closure.

After the initial announcement in February, Altice USA CEO Dexter Goei shared in the company’s Q4 earnings call that while this deal would be profitable for the company and Altice would continue looking for opportunities to make similar deals, he doesn’t expect more in the near future.

“It’s contiguous to our business, the great area in Sparta, New Jersey and its surrounding areas. There are no over-builders in that area. And it’s also an underdeveloped broadband network, so we can continue to upgrade those networks and drive increased speeds.”

“We don’t have a pipeline of a lot of these,” Goei continued. “If they’re available we pounce and try to go very quickly. …There are not a lot of sellers out there. When there are they’re interesting, but in terms of size, we don’t see anything sizeable right now that’s available.”

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.