Altice Usa Stock Price, News & Analysis

On March 17, 2022, Lightpath announced a significant 75-mile expansion of its all-fiber network west of Boston, increasing the total network size in the area to over 200 route miles. The expansion targets major business centers and critical data centers along the I-90 corridor, projected for completion in two phases. This effort is part of Lightpath's commitment to the Greater Boston market, marking its fourth major investment in nine months and enhancing service to over 2,000 organizations.

Altice USA (NYSE: ATUS) announced that CEO Dexter Goei will participate in the upcoming Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at The Palace Hotel in San Francisco. The fireside chat is scheduled to begin at 8:00 a.m. PST (11:00 a.m. EST). Interested listeners can access the live audio webcast through the provided link. Altice USA is a leading broadband communications and video service provider in the U.S., serving over 5 million customers across 21 states.

Lightpath has opened a new office in Boston to cater to growing demand in Massachusetts. Located at 100 Quannapowitt Parkway, the office will support sales and operations, adding to the more than 30 employees hired in the past year. The company has invested tens of millions in the Massachusetts market and has over 150 miles of fiber infrastructure serving more than 100 locations. With advanced technologies, customers gain access to services offering speeds up to 800 Gbps, enhancing their connectivity options.

Altice USA (NYSE: ATUS) has announced an accelerated fiber deployment strategy, aiming to reach 6.5 million passings by the end of 2025. This expansion will cover more than two-thirds of its footprint, with 2.5 million passings in Suddenlink and 4 million passings in Optimum. Fiber construction will start this year in regions of Texas, and other states like Arizona, California, and Missouri will also benefit. CEO Dexter Goei emphasized the commitment to delivering multi-gig speeds through this network.

Altice USA (ATUS) announced a new multi-year fiber deployment strategy aiming for 6.5 million Fiber-to-the-Home (FTTH) passings by 2025, covering over two-thirds of its footprint. While total revenue increased by 2% YoY to $10.09 billion for FY 2021, Q4 revenue declined 0.6% YoY to $2.52 billion, influenced by a 2% drop in residential revenue. Net income for Q4 2021 was $251.7 million, down from $330.5 million in Q4 2020. Cash capital expenditures rose 12.2% YoY, reflecting investments in accelerated fiber projects. Free cash flow decreased 35.1% YoY to $290 million in Q4 2021.

Altice USA (NYSE: ATUS) will conduct a conference call on February 16, 2022, at 4:30 p.m. EST, discussing its fourth quarter and full year financial results for the year ending December 31, 2021. A press release will precede the call at 4:05 p.m. EST. CEO Dexter Goei and CFO Michael Grau will lead the discussion. Access to the call will be available via dial-in numbers, and a live webcast can be found on the company’s investor relations website.

Altice USA (NYSE: ATUS) announces significant leadership changes as Jon Steinberg will depart in spring. Keith Bowen, previously Chief Revenue Officer, is now President of Altice News & Advertising, overseeing Cheddar News and other brands. Kristin Malaspina has been appointed General Manager of Cheddar News and SVP of Distribution. Bowen's leadership is expected to drive growth, while Steinberg will advise during the transition before returning to entrepreneurship.

Altice USA (NYSE: ATUS) has announced a $1 million donation to support public school teachers and students through a partnership with DonorsChoose. This initiative will fund classroom projects focused on technology and educational tools in the company’s Optimum and Suddenlink service areas. This marks the second year of collaboration, with last year seeing funding for over 3,000 projects across nearly 2,200 schools. The program follows Altice's $10 million community relief effort during the COVID-19 pandemic, demonstrating its commitment to enriching education opportunities for students.

Ampersand has entered a partnership with Altice USA to become the exclusive seller of Altice's national Addressable inventory. This collaboration integrates data from two million Altice households into Ampersand's AND Platform, enhancing local and national TV advertising capabilities. The AND Platform, launched in 2020, serves as a comprehensive tool for TV campaign planning and measurement, reaching over 80 million households, with 52 million being Addressable. This partnership aims to improve targeting and measurement for advertisers, facilitating better campaign performance across different media.