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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.
Lightpath has signed a definitive agreement to acquire most of United Fiber and Data (UFD) assets. This acquisition includes a 323-route mile, high-fiber count network between New York City and Ashburn, VA, and a 79-route mile metro network in NYC and New Jersey. The deal, subject to regulatory approvals, is expected to close in Q3 2024. The acquisition will expand Lightpath's serviceable market in Manhattan by over 20%, connecting to 1,500 enterprise and data center destinations. The combined network will enhance high-capacity services and geographic diversity, benefiting Lightpath's enterprise, hyperscale, and wholesale customers. UFD customers will gain access to Lightpath's entire network and services.
Today, a4 Media, Altice USA's advanced advertising and data business, rebranded to Optimum Media to unify with the Optimum connectivity brand. The move aims to elevate brand awareness, accelerate partnership opportunities, and offer more value and innovation to clients. Optimum Media provides data-driven multiscreen advertising solutions across the U.S., including in the 21 states where Optimum serves approximately 4.7 million customers. The company specializes in audience reach through data-backed solutions, maximizing ROI for clients. News 12, a leading news source in the New York tri-state area, is also represented by Optimum Media.
Altice USA reports financial improvements in the first quarter of 2024, focusing on customer profitability, revenue growth, and operational enhancements. The company highlights positive trends in customer ARPU, revenue, and free cash flow. Despite a slight decrease in total revenue, Altice USA remains optimistic about sustainable long-term growth.
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