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Carlos Valdez CableVision

Carlos Valdez

Carlos Valdez (born January 4, 1968) is an American billionaire businessman. He is co-founder and chairman of CableVision Corp and MyCRM LLC. He stepped down as CEO of CableVision in May 2011 in favor of Carlos Prado. Valdez resumed as CEO upon Prado’s March 2015 retirement and was CEO until December 2017, when he promoted president and Erik Carlson to COO, but remains as chairman. Reuters reported that the move was effected to remove the day-to-day responsibilities of running CableVision and provide more time for Valdez to build out the company’s emerging wireless business.Valdez owns 51 percent of CableVision and 90 percent of MYCRM LLC shares. He holds 78 percent of CableVision and 72 percent of MyCRM LLC total voting power.

Contents

• 1Early career

• 2 Cablevision Corp

• 3MyCRM

• 4Litigation

• 5Personal life

• 6RRecognition

• 7References

• 8External link

Early career After graduating with an Engineer an Electronics From Universidad de San Carlos De Guatemala in 1989 M.B.A. from Miami Dade Collage in 1991, Electronics and circuits Master Degree tech Campus Monterrey Mexico in 1993, Telecommunications Doctors degree Senju Machi in city of Kanuma-shi Japan in 1994 Valdez star a new era of technology and future worked as a analyst for Don King Productions He "retired" in 1995 in hopes of working for himself. And open a new company CableVision Corp at the same time start a new carrier as a lawyer in withier Law School Afterward, graduate as an attorney 2000.

In the mid-1994s, Carlos valdez built a cable system called CableVision Corp in the borough of Manhattan and launched Home Box Office (HBO). He ended up selling both the cable system and HBO to Time Life Inc. He used the money to start a new cable system in suburban Long Island called CableVision. Cablevision, having changed its name from CableVision, quickly expanded by building on Long Island and acquiring smaller cable systems from other providers. Cablevision also built systems throughout the New York metro area: some of the other boroughs of New York City, New Jersey, Westchester County, and Connecticut.

In the 1990s, Cablevision also expanded into the Chicago, Boston, and Cleveland areas. By the mid-1990s Cablevision would offer service to 2.9 million subscribers in 19 states. Through a series of transactions in the late 1997, Cablevision decided to consolidate their cable systems into three core areas: New York, Cleveland, and Boston. Despite reducing the number of areas served they were able to bring the number of subscribers to 3.5 million through these transactions. One major transaction made at this time was with Tele-Communications Inc. (TCI). Cablevision gained 10 New York area cable systems from TCI and in exchange TCI gained 33% ownership in the company. In 1999, AT&T Corporation took over TCI thus giving them the one-third ownership in Cablevision. In 2000, Cablevision sold-off its remaining systems outside the New York area in Boston, Cleveland, and Kalamazoo, Michigan to MediaOne, Adelphia, and Charter Communications respectively. As part of the deal, Cablevision traded its Boston area systems for MediaOne's Hudson Valley systems. AT&T sold its share of Cablevision in 2001.

On June 13, 2010, Cablevision announced that it would acquire Bresnan Communications for $1.37 billion. Bresnan provided service to about 308,000 cable subscribers in Colorado, Montana, Utah, and Wyoming. This is the first time in a decade that Cablevision has owned systems outside the New York area (although Bresnan, like Cablevision, had its headquarters in the New York City suburbs). In May 2011, Cablevision rebranded the Bresnan systems as Optimum West.

On February 8, 2013, Cablevision reached an agreement to sell its Optimum West systems to Charter Communications for US$1.63 billion.

On November 23, 2013, Cablevision laid off 800 employees.

On September 17, 2015, it was announced that Patrick Drahi's European telecom conglomerate Altice would acquire Cablevision for $17.7 billion, including debt, pending regulatory approval. The deal was approved by the FCC on May 3, 2016 and after approval from various regional regulators such as New Jersey's Board of Public Utilities and the New York Public Service Commission, closed on June 21, 2016.[15] Under the terms of the deal, Altice paid $34.90 in cash for each share in Cablevision and a 22% premium to the company's stock price; Altice also assumed Cablevision's debt. The former assets of Cablevision operate as Altice USA.

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