Oct 16 (Reuters) - Altice Nv:
* Existing share repurchase programme announced on August 28, 2017 is suspended
* New programme to repurchase shares also in closed periods will commence today and will continue until November 2, 2017
* As part of its buyback programme, Altice intends to purchase Altice common shares A and Altice common shares B on Euronext Amsterdam for an aggregate market value equivalent to up to €1 billion (taking into account the shares already purchased under the existing share repurchase programme)
* Altice will use the common shares A and common shares B repurchased in connection with this programme respectively to meet obligations arising from share option plans and to reduce its share capital.