Welcome to our dedicated page for Altice Usa news (Ticker: ATUS), a resource for investors and traders seeking the latest updates and insights on Altice Usa stock.
Altice USA, Inc. (NYSE: ATUS), transitioning to the corporate name Optimum Communications, Inc., generates a steady stream of news as a large U.S. broadband communications and video services provider. Through its Optimum brand, the company delivers broadband, video, mobile, proprietary content and advertising services to millions of residential and business customers across 21 states, and its announcements reflect both operational performance and strategic initiatives.
Investors following ATUS-related news will see regular earnings releases and conference call notices, where the company discusses broadband subscriber trends, ARPU, fiber and mobile growth, value-added services, and progress on its multi-year transformation. These updates often include commentary on market conditions, operational efficiency, capital expenditures, and customer experience metrics.
News coverage also highlights financing and balance sheet actions, such as the landmark asset-backed loan facility secured primarily by hybrid-fiber coaxial network assets in specific service areas, and subsequent credit agreement amendments and new term loan facilities at subsidiaries like CSC Holdings, LLC and CSC Optimum Holdings, LLC. Such items provide insight into how the company manages its capital structure and debt profile.
Another important stream of news involves network and infrastructure developments. Altice USA reports on fiber-to-the-home passings, mid-split upgrades on its HFC network, and the expansion of value-added services for residential and SMB customers. In parallel, press releases from Lightpath—an all-fiber connectivity provider jointly owned by Altice USA and Morgan Stanley Infrastructure Partners—describe AI-grade fiber expansions in regions such as Greater New York, Eastern Pennsylvania, Phoenix and Greater Columbus, supporting hyperscale data centers, carriers and large enterprises.
Brand and corporate identity updates, including the change of the corporate name to Optimum Communications, Inc. and the planned ticker symbol transition from ATUS to OPTU, are also key news items. For readers tracking ATUS, this news page offers a way to monitor financial results, strategic financing, network investments, and brand evolution as disclosed in company communications.
Altice USA (NYSE: ATUS) will hold a conference call on February 22, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full year financial results ending December 31, 2022. A press release detailing the results will be available at 4:05 p.m. ET. The call will feature CEO Dennis Mathew and CFO Michael Grau. Participants can dial in at 877-404-9653 (U.S.) or +1 201-689-8856 (international). A live webcast will be accessible on the company's investor relations website. Altice USA serves nearly 5 million customers with broadband and video services across 21 states.
DataVerge has announced a partnership with Lightpath to enhance connectivity in the underserved Brooklyn area. This strategic collaboration aims to expand their presence and improve interconnection capabilities, particularly at Industry City, the largest interconnected campus in the U.S. DataVerge's carrier-neutral facility provides direct access to dark fiber and transport providers, making it a key player in the digital economy. Lightpath’s network spans over 20,000 route miles, connecting to over 75 data centers across the country.
This partnership is expected to significantly benefit local businesses and residents, offering more diverse connectivity solutions.
Altice USA (NYSE: ATUS) announced the pricing and allocation of a new $2 billion 5-year Senior Secured Term Loan B by its subsidiary, CSC Holdings, LLC. This loan is part of an existing credit agreement effective from October 9, 2015. It aims to refinance existing loans from March 2017 and October 2018. The interest rate will be based on the Term SOFR rate plus a margin of 4.50%. Consequently, the average cost of debt for CSC will rise from 5.1% to 5.3%, extending the weighted average life of its debt from 5.8 to 6.0 years as of September 30, 2022.
Altice USA (NYSE: ATUS) has completed its review of strategic alternatives for its Suddenlink business. The Board of Directors has unanimously decided to continue operating Suddenlink, believing this aligns with the company's long-term business plan and serves the best interests of its stockholders. Altice USA is a leading provider of broadband and video services in the U.S., serving nearly 5 million customers through its Optimum brand and offering advanced advertising solutions via its a4 business.
Lightpath has appointed Inge Smidts, John Ghirardelli, and Nick Brown to its Board of Managers, effective October 19, 2022. Smidts brings over 20 years of experience in the communications sector, currently serving as CEO of Cable and Wireless. Ghirardelli has nearly two decades in digital infrastructure with Morgan Stanley Infrastructure Partners, while Brown has extensive experience in communications and finance, currently EVP at Altice USA. Lightpath operates an extensive all-fiber network across the Northeast United States, supported by Altice USA's 50.01% ownership.
Lightpath has achieved a remarkable score of 96 and a 5-Star Rating in the 2022 GRESB Infrastructure Asset Benchmark Report, ranking first among private data transmission companies in the Americas. This score is significantly above the industry average of 79. The GRESB assessment evaluates environmental, social, and governance (ESG) performance, and Lightpath's score underscores its commitment to these objectives. CEO Chris Morley stated that the company will continue to prioritize ESG initiatives, benefiting both the organization and the wider community.
Altice USA (ATUS) reported Q3 2022 results with total revenue of $2.39 billion, down 7.0% YoY. Notably, Residential revenue declined 4.4%, while Business Services and News & Advertising revenues fell 16.8% and 16.1% respectively. Net income attributable to stockholders dropped to $85 million ($0.19/share) from $267 million ($0.58/share) a year prior. Fiber broadband net additions surged to 31k, reaching 135k total fiber customers. The company continues its fiber deployment strategy, achieving 1.9 million fiber passings despite macroeconomic pressures. Capital expenditures rose 59.6% YoY to $494 million.
Lightpath announced its entrance into the Miami market, launching a 135-mile all-fiber network. A 55-mile subterranean network will be operational by January 2023, with additional expansions planned. This initiative follows Lightpath's successful expansion into Boston in June 2021. The company aims to provide robust connectivity, leveraging its existing network of over 20,000 route miles and catering to over 13,500 service locations.
Altice USA (NYSE: ATUS) will hold a conference call on November 2, 2022, at 4:30 p.m. EDT to discuss its Q3 financial results for the period ending September 30, 2022. A press release will precede the call at 4:05 p.m. EDT. The call will feature leadership including Dexter Goei, Dennis Mathew, and Michael Grau. Interested parties can access the live webcast on Altice's investor relations website.
Altice USA serves nearly 5 million customers across 21 states with broadband and video services.
Lightpath has launched a new 54-mile all-fiber network in Princeton, NJ, marking its entry into this competitive market. The network is operational and available to over 400 target customers. With access to a comprehensive portfolio of connectivity solutions and the Lightpath network of 20,000 route miles, Princeton-area customers can leverage services such as Optical Transport, Ethernet, and SD-WAN. This expansion aims to strengthen Lightpath's presence in a region known for its vibrant startup culture and large enterprises.