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.
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.
Altice USA (NYSE: ATUS) announced that Lee Schroeder, Executive VP of Government & Community Affairs and Chief Diversity Officer, will leave the company in July 2022. Lisa Gonzalez Anselmo, currently the Executive VP of Communications, will take over these roles and continue reporting to CEO Dexter Goei. Goei praised Schroeder's contributions and expressed confidence in Gonzalez Anselmo's ability to lead the Community and Diversity initiatives. Altice USA has been recognized for its diversity programs, receiving accolades from DiversityInc and a perfect score on the Human Rights Campaign Corporate Equality Index.
Altice USA (NYSE: ATUS) will have CEO Dexter Goei participating in the UBS Global TMT Virtual Conference on Tuesday, December 7, 2021. The presentation is set to start at 11:00 AM EST and will be available via a live webcast. Altice USA is a leading provider of broadband and video services in the United States, serving over 5 million customers across 21 states through its Optimum and Suddenlink brands. The company also operates an advanced advertising business and offers various news services.
Lightpath announced a 50-mile expansion of its all-fiber network in the Boston region, increasing the total route miles to over 130. This expansion targets key areas including Boston, Waltham, Bedford, Burlington, and Lowell, MA, enhancing access to strategic data centers and business centers. The addition of diverse routes improves service reliability and options for new customers, potentially reaching over 1,200 new organizations. Lightpath aims to revolutionize digital connectivity with its extensive fiber-optic network, connecting over 12,000 locations nationwide.
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