Altice Usa Stock Price, News & Analysis

Altice USA (NYSE: ATUS) will hold a conference call on February 10, 2021, at 4:30 p.m. EST to discuss its financial and operational results for the fourth quarter and full year ending December 31, 2020. A press release detailing these results will be issued at 4:05 p.m. EST. The call will be hosted by CEO Dexter Goei and CFO Michael Grau. Participants can access the call via toll-free and toll numbers, and a live webcast will be available on the company’s investor relations website.

Altice USA (NYSE: ATUS) has completed its modified Dutch auction tender offer, repurchasing 64,613,479 shares of Class A common stock at $36.00 per share, totaling approximately $2.33 billion. This transaction accounts for 18.2% of the Class A shares and 12.0% of all outstanding shares. The offer expired on December 21, 2020, and payments for accepted shares will be processed promptly. Altice USA continues to provide broadband and video services to over 5 million customers across the U.S.

Altice USA (NYSE: ATUS) announced preliminary results of its modified Dutch auction tender offer to repurchase up to $2.5 billion of Class A common stock. The offer expired on December 21, 2020, with 64,814,209 shares tendered at a final purchase price of $36.00 per share, totaling approximately $2.33 billion. This represents about 18.3% of the outstanding Class A shares. The actual number of shares and final price will be confirmed post the settlement period, expected by December 28, 2020.

Altice USA (NYSE: ATUS) has finalized the sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners for an implied enterprise value of $3.2 billion. Altice USA retains a 50.01% stake, maintaining control over Lightpath, which serves the greater New York Metropolitan region. The partnership aims to enhance operational performance and strategic flexibility, allowing Altice USA to focus on growth initiatives and providing advanced broadband services to enterprise customers.

Altice USA (NYSE: ATUS) announces CEO Dexter Goei's participation in the UBS Global TMT Virtual Conference on December 7, 2020, starting at 9:20 AM EST. Investors and interested parties can access the live webcast through the provided link. Altice USA is a leading provider of broadband communications and video services in the U.S., serving over 5 million customers and operating under the brands Optimum and Suddenlink.

Altice USA (ATUS) has initiated a modified "Dutch auction" tender offer to buy back up to $2.5 billion of its Class A common stock. The shares will be purchased at a price range of $32.25 to $36.00, representing a premium of approximately 0% to 12% over the $32.27 closing price on November 20, 2020. If fully subscribed, this will purchase around 19.6% to 21.9% of Class A shares. The buyback target for 2020 has increased from $2.0 billion to $5.0 billion. The offer ends on December 21, 2020, unless extended.

Altice USA (NYSE: ATUS) announces participation in the Morgan Stanley Virtual European Technology, Media & Telecoms Conference. CEO Dexter Goei and CFO Mike Grau will present on November 19, 2020, at 6:15 PM GMT (1:15 PM EST). Investors can access the live webcast of the event through a provided link. Altice USA stands as a major broadband and video service provider, serving over 4.9 million customers across 21 states with its Optimum and Suddenlink brands.

Altice USA has made a revised offer to acquire Cogeco for C$11.1 billion (US$8.4 billion), including C$5.1 billion for U.S. assets. The proposal offers significant premiums of 50% and 45% for CGO and CCA subordinate voting shares, respectively. The deal depends on shareholder and regulatory approvals, aimed at enhancing Altice's East Coast presence. If no agreement is reached by November 18, 2020, the offer will be withdrawn. The acquisition would allow for expanded operations and improved efficiencies in broadband services.

Altice USA (NYSE: ATUS) is set to host a conference call on October 29, 2020, at 4:30 p.m. EDT to discuss its third-quarter financial results for the period ending September 30, 2020. The results will be released earlier at 4:05 p.m. EDT. CEO Dexter Goei and CFO Mike Grau will lead the call. Investors can dial in using the toll-free number +1 (833) 968-2322 or access an international line at +1 (778) 560 2842, with Conference ID 1666557. A live webcast will be available on their investor relations site for those wishing to participate online.