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 (ATUS) announced its Q3 2021 results, reporting a revenue increase of 5.8% year-over-year to $2.57 billion, driven by strong growth in Business Services (21.7%) and Advertising (15.7%). The company recorded a net income of $266.9 million compared to a net loss in Q3 2020. Despite the positive financial trends, unique Residential customers fell by 0.4%, reflecting a loss of 25,000 customers, primarily due to elevated move activity. Altice aims to boost broadband growth through strategic initiatives, including network upgrades and new service offerings.
Lightpath announced its entrance into the connectivity market in Princeton, NJ, with a new 54-mile all-fiber network build. This expansion will serve over 400 local enterprises, educators, and government organizations, along with connecting to four data centers. The new infrastructure enhances Lightpath's extensive network of over 18,000 route miles and 12,000 service locations, providing access to major cloud providers and numerous data centers. This initiative aligns with previous expansions in Boston and Queens.
Altice USA (NYSE: ATUS) will hold a conference call on November 4, 2021, at 4:30 p.m. EDT to discuss Q3 financial and operational results, with a press release issued at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau. Interested parties can access the call through designated dial-in numbers or via a live webcast on Altice USA's investor relations website. The company serves over 5 million customers across multiple states, providing broadband, video, and advertising services.
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Altice USA (NYSE: ATUS) have reached a new multi-year agreement ensuring the continued carriage of ViacomCBS' extensive portfolio of broadcast, entertainment, news, and sports networks for Altice USA's Optimum and Suddenlink customers. The agreement also includes rights to ViacomCBS' streaming services, including Paramount+, SHOWTIME OTT, and Pluto TV. This partnership reinforces the commitment of both companies to deliver quality content while collaborating on advanced advertising capabilities.
Altice USA (NYSE: ATUS) announced that CEO Dexter Goei and CFO Michael Grau will participate in the Goldman Sachs Communacopia Conference on September 23, 2021, at 10:30 AM EDT. The event will be held virtually, and interested parties can access the live webcast here.
Altice USA (NYSE: ATUS) announces the resignation of Chief Operating Officer Hakim Boubazine. CEO Dexter Goei will take over direct responsibilities in the Telecommunications division immediately. Boubazine will remain with the company as Senior Advisor until December 31, 2021. This restructuring aims to enhance management decision-making and accelerate growth initiatives. Goei expressed gratitude for Boubazine's contributions over six years and confidence in the management team's future success.
Altice USA (NYSE: ATUS) reported Q2 2021 results with total revenue at $2.52 billion, a 1.7% year-over-year growth, driven mainly by a 36.4% increase in News & Advertising revenue. Net income rose to $197.7 million or $0.43 per share, compared to $111.3 million in Q2 2020. However, operating free cash flow decreased 10.9% to $781.5 million, and free cash flow fell 42.5% to $406.4 million. The company continued its strategic expansion with network upgrades and branding initiatives, including the launch of Optimum Mobile.
Altice USA (NYSE: ATUS) has rebranded its mobile service as Optimum Mobile, effective July 25, 2021. This initiative aligns with the company's strategy to unify its branding under the Optimum name and enhance customer connectivity experiences. The rebrand follows significant investments in technology and infrastructure, resulting in nationwide 5G coverage through T-Mobile. Key features include competitive pricing starting at $14/month, flexible data plans, and exclusive discounts for existing Optimum and Suddenlink customers.
Altice USA (NYSE: ATUS) has launched Optimum Stream and Suddenlink Stream, new 4K streaming devices for broadband-only customers. Powered by Android TV OS, these devices offer access to thousands of apps, over 50 free live streaming channels, and high-quality playback with 4K HDR and Dolby Vision. Customers can also use voice commands through Google Assistant for enhanced convenience. The devices are available free for 1 Gig service users and at a loyalty price of $5 per month for others.
Altice USA (NYSE: ATUS) will hold a conference call on July 28, 2021, at 4:30 p.m. EDT to discuss its Q2 financial and operational results. A press release outlining these results will be available at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau, with dial-in options provided for participants. A live webcast of this conference will also be accessible online. Altice USA, a major broadband and video provider, serves over 5 million customers across 21 states, showcasing its diverse service offerings.
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