New York City officials are The Post has learned. The mayor’s office on Wednesday plans to announce that the committee tasked with reviewing the merger has been making progress in its negotiations with Altice, two sources said. On Monday, the committee concluded that the European telecom giant was becoming more transparent and helpful in the review process, one source said.
As recently as two weeks ago, city officials were raising concerns about the deal, in particular, whether the heavy debt load would lead to job cuts and poor customer service at Bethpage, Cablevision, which has more than 3 million customers in the metro area. While Altice has questioned whether the city even has the legal authority to stop the merger, it has been meeting with city officials all the same. New York City officials plan to vote on the merger on May 11, while state regulators will follow later that month.
Meanwhile, the Federal Communication Commission, as expected, approved the merger on Tuesday. Cablevision shares rose 18 cents to $33. 83 on Tuesday.