Charter Communications explores potential takeover of Altice USA, causing Altice's shares to surge.

Charter Communications is reportedly exploring a takeover of smaller cable provider Altice USA, causing Altice's shares to surge. Charter is working with financial advisers to study potential merits of the deal, but it's unclear if a formal approach has been made. Altice USA serves almost 5 million residential and business customers in the US, making it one of the largest broadband and video services providers.