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Altice USA, now Optimum Communications, reports developments for a U.S. broadband, video and mobile communications provider operating through the Optimum brand. Recurring updates cover broadband subscriber trends, fiber network penetration, customer and network experience, video tiers, mobile services, operating efficiency and financial results.
Company news also includes Lightpath, its fiber-based connectivity business, as it expands AI-grade fiber infrastructure for hyperscale data centers, carriers, cloud providers and enterprise customers. Other updates address Optimum Media advertising services, News 12 hyperlocal content, capital-structure actions, conference presentations, and the completed corporate name and ticker change.
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.
Altice USA has appointed Dennis Mathew as CEO, effective October 3, 2022, succeeding Dexter Goei, who becomes Executive Chairman. Mathew brings 17 years of experience from Comcast, where he led significant organizational improvements and customer experience initiatives. The leadership change aims to enhance Altice USA's strategic growth, particularly in fiber broadband deployment. Founder Patrick Drahi expressed confidence in Mathew's ability to lead the company's vision and maintain momentum in providing advanced connectivity services.
Lightpath, a connectivity provider, announced a new 70+ mile fiber network build connecting Trumbull and Norwalk, CT, to Katonah, NY. This expansion enhances their next-generation network in western Connecticut, which boasts a skilled talent ecosystem and 14 Fortune 500 companies. The upgrade is part of Lightpath's ongoing investment in the region, aiming to support digital transformation for enterprises. Their network now exceeds 20,000 route miles with over 13,500 service locations.
Altice USA (NYSE: ATUS) has announced that CEO Dexter Goei will participate in the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 13, 2022. The fireside chat is set to begin at 10:00 a.m. PDT (1:00 p.m. EDT). Interested parties can access a live webcast through the provided link.
Altice USA (NYSE: ATUS) reported its Q2 2022 results, highlighting accelerated fiber network deployment reaching 1.6 million passings and over 100,000 fiber customers. Despite these gains, total revenue fell 2.1% YoY to $2.46 billion, with a net income of $106.2 million, down from $197.7 million in Q2 2021. Operating Free Cash Flow decreased 33.2% to $521.9 million, while capital expenditures surged 50.1% to $485.1 million. The company targets 6.5 million fiber passings by 2025 and introduced multi-Gig speeds, positioning Optimum as a key player in the competitive broadband market.
Altice USA (NYSE: ATUS) has rebranded its Suddenlink brand to Optimum, consolidating its telecommunications services under a single name. The company has launched a new nationwide campaign titled “Get Closer, Go Farther”, reflecting its commitment to enhancing customer connectivity and service experiences. The transition includes the removal of data caps on Suddenlink internet plans and the establishment of nearly 20 new Optimum retail locations. Notably, Optimum’s fiber network has reached 100,000 customers and offers new 2 Gig and 5 Gig Fiber Internet options.
Altice USA (NYSE: ATUS) will hold a conference call on August 3, 2022, at 4:30 p.m. EDT to discuss its financial results for Q2, ending June 30, 2022. A press release detailing the results will be issued at 4:05 p.m. EDT. CEO Dexter Goei and CFO Michael Grau will lead the call. Participants can dial in at 877-404-9653 or +1 201-689-8856. A live webcast will be available on their investor relations website.
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.