Altice Usa Stock Price, News & Analysis

Altice USA (NYSE: ATUS) has announced an enhancement to its offering under the Affordable Connectivity Program (ACP), providing eligible households with 300 Mbps internet service at no cost, tripling the previous speed of 100 Mbps. The monthly credit from the ACP, applicable to various broadband plans, is up to $30, or $75 for households on Tribal Lands. New customers will also receive a $50 Visa Prepaid Card and equipment. The initiative aims to bridge the digital divide and support online activities, while Altice has been recognized by the White House for its contributions to high-speed broadband accessibility.

Ampersand has expanded its partnerships with major cable companies including Comcast, Cox, Charter, and Altice by launching new incremental reach capabilities. This enhancement, utilizing the AND Platform, allows clients to target households that have been un/under-exposed to national TV campaigns. The platform aggregates viewership insights from 42 million households, providing access to TV inventory across 80 million households, with 52 million being addressable. This initiative aims to improve campaign efficiency for advertisers.

Altice USA (NYSE: ATUS) announces CFO Michael Grau will participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022. The fireside chat is set to begin at 1:10 p.m. ET. A live webcast will be available here. Altice USA provides broadband, video, and mobile services to over 5 million customers across 21 states through its Optimum and Suddenlink brands.

Optimum, a brand of Altice USA (NYSE: ATUS), has launched the Optimum 5 Gig Fiber Internet, providing the fastest residential fiber internet service in the New York Tri-State area with speeds up to 5 Gig. This service, which is more than twice as fast as competitors, will also offer a 2 Gig Fiber Internet option. Rolling out in June across Long Island, these services deliver symmetrical speeds and advanced connectivity for high-resolution streaming and gaming. The pricing is set at $180/month for 5 Gig and $120/month for 2 Gig.

Altice USA's Optimum Mobile has been recognized as number one in customer satisfaction among full-service wireless providers, according to the 2022 American Customer Satisfaction Index (ACSI).

This is Optimum Mobile's inaugural ACSI ranking, achieving top scores in call center satisfaction, retail staff courtesy, and website satisfaction. Launched in 2019, Optimum Mobile aims to provide seamless connectivity and offers competitive pricing with savings of up to 40% annually.

Altice USA (NYSE: ATUS) announced that CEO Dexter Goei will participate in the MoffettNathanson 9th Annual Media & Communications Summit on May 18, 2022. The fireside chat is set to begin at 9:00 a.m. ET. Investors and analysts can access the live webcast via the provided link. Altice USA is a major broadband and video services provider in the United States, serving over 5 million customers through its Optimum and Suddenlink brands, and offers advanced advertising solutions and news services.

Lightpath has opened a new office in Midtown Manhattan to enhance support for its expanding operations in New York City. This initiative is part of a broader strategy that includes doubling its sales and service teams and upgrading to Ciena's advanced optical network technology. With over 18,000 route miles connecting to more than 12,000 service locations, Lightpath aims to meet the increasing demand for connectivity in the region, which is the largest enterprise communications market in the U.S. The firm continues to invest in its infrastructure and customer service capabilities.

Lightpath has achieved a significant milestone with 2,000 connected wireless towers, doubling its on-net wireless sites in the past year. The company secured its first wireless customer in Greater Boston as carriers increasingly choose Lightpath for 5G deployments. Lightpath boasts the densest all-fiber network in the New York Metro area, with over 18,000 route miles. The network offers flexible connectivity options, enhancing reliability for future 5G applications such as smart cities and IoT. Lightpath's infrastructure is designed to support the scalable demands of emerging technologies.

Altice USA (NYSE: ATUS) has reported its Q1 2022 financial results, showing a 2.3% decrease in total revenue to $2.42 billion. Residential revenue fell 3.6% year-over-year, while Business Services revenue grew marginally by 0.1%. Net income dropped to $196.6 million from $274.1 million a year earlier, resulting in a diluted earnings per share of $0.43. Adjusted EBITDA also decreased by 7.7% to $991.7 million. However, the company is actively expanding its fiber network, anticipating up to 6.5 million fiber passings by 2025.