Attachment Exhibit E

This document pretains to SES-T/C-20160120-00071 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2016012000071_1123373

                             DESCRIPTION OF TRANSACTION


       On May 19, 2015, Cequel Corp. (“Cequel”), ultimate parent of Licensee, and Altice S.A.

entered into a Purchase and Sale Agreement (“Agreement”), pursuant to which Altice agreed to

acquire approximately 70 percent of the share capital of Cequel (the “Transaction”). Prior to

consummation, Altice completed a pro forma internal reorganization, and as a result Altice N.V.

(domiciled in the Netherlands) replaced Altice S.A. as the top-level Altice entity. Pursuant to

consummation of the Transaction, Altice N.V. indirectly holds approximately 70 percent of

Cequel’s equity, with the prior shareholders of Cequel retaining approximately 30 percent of the

post-Transaction Cequel. Existing shareholder CPPIB-Suddenlink LP holds approximately 11.8

percent of Cequel, and a group of limited partnerships formed under the laws of Guernsey, U.K.

and associated with BC Partners Holdings Limited, also existing shareholders, collectively hold

approximately 18.2 percent of Cequel. For the Commission’s reference pre- and post-

Transaction organization charts are provided herewith.


                                         Cequel Corporation Pre-Closing Organizational Chart

                                CPP Investment                                                                                       BC Partners
                                   Board*                                                                                         Holdings Limited**




                               CPPIB Investment                                                                                BC Partners Investment
                                 Vehicles***                                                                                        Vehicles****



                                 100%                                                                                                 100%



                             CPPIB – Suddenlink LP                                                                        BC Partners Holding Entities*****
                                                                                      IW4MK
                                                                               Carry Partnership LP
                                                                                  (Management)
                          48.3% Voting, 38.03% Equity                                                                         48.3% Voting, 58.69% Equity
                                                                                   3.28%



                                                                                Cequel Corporation

                                                                                    100%

                                                                             Intermediate Subsidiaries

                                                                                    100%

                                                                          Licensee/Authorization Holder


    * CPP Investment Board is an investment management organization incorporated in Canada which invests the assets of the Canada Pension Plan.
   ** BC Partners Holdings Limited is a limited corporation organized under the laws of Guernsey.
  *** Consists of CPPIB intermediate management and investment entities in which CPPIB holds 100% voting interest. Cequel employees are investors in some of these entities.
 **** Consists of BCP intermediate management, co-invest, and fund entities in which BC Partners Holdings Limited holds 100% voting interest. Cequel employees are investors in some of
      these entities.
***** Consists of a number of BCP limited partnerships/corporations, none of which holds 5% or greater equity or voting interests in Cequel Corporation.


                Post-Transaction Ownership Structure



                                       Patrick Drahi




                               Next Luxembourg S.C.sp




                                      Next Alt S.à r.l.                     Other Holders
                                                                            (None >= 10%)

                          57.87 %
                                                                                      42.13%

                                         Altice N.V.
                                                                                              JLKT, LLC*

                             99.05%

                                                                         0.95%
                                        CVC 1 B.V.
                                                                                             Canada Pension Plan
BC Partners
                                                                                              Investment Board
                                                   70%


                                        CVC 2 B.V.
    approximately 18.2%                                                 approximately 11.8%




                                        CVC 3 B.V.                            The remaining 0.64 percent of Cequel is held indirectly
                                                                  99.36%      by Altice N.V. through Altice U.S. Holdings I and Altice
                                                                              U.S. Holdings II




                          Cequel Corporation d/b/a Suddenlink




                                    CequelSubsidiaries




                                                          Notes: All interests are 100% unless otherwise
                                                          indicated. Solid lines indicate direct interest. Dotted
                                                          lines indicate indirect interest.

                                                          * JLKT, LLC is an investment vehicle for Jerry Kent,
                                                          the outgoing Chairman and CEO of Suddenlink



Document Created: 2016-01-20 14:41:03
Document Modified: 2016-01-20 14:41:03

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