He may have lost out to John Malone in the race for Time Warner Cable Inc., but telecommunications billionaire Patrick Drahi’s foray into the U.S. market is far from over.

After Malone’s Charter Communications Inc. agreed to buy second-largest U.S. cable company Time Warner Cable for about $55 billion, Drahi plans to instead build his U.S. footprint by seeking to acquire smaller cable operators, according to people with knowledge of the matter.

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