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, 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.
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 If no agreement is reached by November 18, 2020, the offer will be withdrawn.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.