Altice USA offers to buy Canada’s Cogeco in $8 billion deal

(Reuters) – Cable operator Altice USA Inc said on Wednesday it offered to buy Canadian cable company Cogeco Inc in a C$10.3 billion ($7.88 billion) deal.

Altice said it entered into an arrangement to sell Canadian assets of Cogeco to Rogers Communications Inc , and would own Cogeco’s U.S. assets if the deal goes through.

($1 = 1.3071 Canadian dollars)

(Reporting by Munsif Vengattil in Bengaluru; Editing by Ramakrishnan M.)