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Optimum Reaches 500,000 Customers on 100% Fiber Internet Network

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Optimum, an Altice USA brand (NYSE: ATUS), has reached 500,000 residential customers on its 100% Fiber Internet network, which serves over 2.9 million homes across New York, New Jersey, and Connecticut. The company offers symmetrical speeds up to 8 Gig through Optimum Fiber. The company has invested over $40M in its Long Island infrastructure in 2024, with additional multi-million-dollar investments across the Northeast. Optimum Fiber has been recognized by Ookla® Speedtest® and PCMag as providing the fastest and most reliable internet speeds in NY and NJ. The company is expanding to new markets and offers bundled services including mobile, TV, and home phone services.

Optimum, un marchio di Altice USA (NYSE: ATUS), ha raggiunto 500.000 clienti residenziali sulla sua rete Internet completamente in fibra, che serve oltre 2,9 milioni di abitazioni nello stato di New York, New Jersey e Connecticut. L'azienda offre velocità simmetriche fino a 8 Gig con Optimum Fiber. Nel 2024, l'azienda ha investito oltre $40 milioni nella sua infrastruttura a Long Island, con ulteriori investimenti multimilionari in tutto il Nordest. Optimum Fiber è stata riconosciuta da Ookla® Speedtest® e PCMag come fornitore delle velocità Internet più veloci e affidabili a NY e NJ. L'azienda si sta espandendo in nuovi mercati e offre servizi in bundle, inclusi telefonia mobile, TV e servizi telefonici per la casa.

Optimum, una marca de Altice USA (NYSE: ATUS), ha alcanzado 500,000 clientes residenciales en su red de Internet 100% Fibra, que atiende a más de 2.9 millones de hogares en Nueva York, Nueva Jersey y Connecticut. La empresa ofrece velocidades simétricas de hasta 8 Gig a través de Optimum Fiber. En 2024, la compañía ha invertido más de $40 millones en su infraestructura de Long Island, con inversiones multimillonarias adicionales en todo el noreste. Optimum Fiber ha sido reconocida por Ookla® Speedtest® y PCMag como la que ofrece las velocidades de Internet más rápidas y confiables en NY y NJ. La compañía se está expandiendo a nuevos mercados y ofrece servicios combinados que incluyen móvil, TV y telefonía fija.

옵티멈, 알티스 USA의 브랜드(NYSE: ATUS)는 100% 광섬유 인터넷 네트워크에서 50만 명의 주거 고객을 확보했으며, 이 네트워크는 뉴욕, 뉴저지, 코네티컷의 290만 가구 이상에 서비스를 제공합니다. 이 회사는 옵티멈 파이버를 통해 최대 8기가의 대칭 속도를 제공합니다. 2024년에는 롱아일랜드 인프라에 4천만 달러 이상을 투자했으며, 북동부 전역에도 다수의 투자와 함께 추가로 수백만 달러를 투입했습니다. Optimum Fiber는 Ookla® Speedtest®와 PCMag으로부터 뉴욕과 뉴저지에서 가장 빠르고 안정적인 인터넷 속도를 제공하는 것으로 인정받았습니다. 이 회사는 새로운 시장으로 확장하고 있으며, 모바일, TV 및 집전화 서비스가 포함된 번들 서비스도 제공합니다.

Optimum, une marque d'Altice USA (NYSE: ATUS), a atteint 500 000 clients résidentiels sur son réseau Internet 100 % fibre, qui dessert plus de 2,9 millions de foyers à New York, New Jersey et Connecticut. La société offre des vitesses symétriques allant jusqu'à 8 Gig via Optimum Fiber. En 2024, l'entreprise a investi plus de 40 millions de dollars dans son infrastructure à Long Island, avec d'autres investissements multimillionnaires dans le Nord-Est. Optimum Fiber a été reconnue par Ookla® Speedtest® et PCMag comme fournissant les vitesses Internet les plus rapides et les plus fiables à NY et NJ. L'entreprise s'étend à de nouveaux marchés et propose des services groupés comprenant mobile, TV et téléphone fixe.

Optimum, eine Marke von Altice USA (NYSE: ATUS), hat 500.000 Haushaltskunden in ihrem 100% Glasfaser-Internetsystem erreicht, das über 2,9 Millionen Haushalte in New York, New Jersey und Connecticut versorgt. Das Unternehmen bietet symmetrische Geschwindigkeiten von bis zu 8 Gig über Optimum Fiber. Im Jahr 2024 hat das Unternehmen über 40 Millionen Dollar in seine Infrastruktur auf Long Island investiert, mit zusätzlichen multimillionenschweren Investitionen im gesamten Nordosten. Optimum Fiber wurde von Ookla® Speedtest® und PCMag als Anbieter der schnellsten und zuverlässigsten Internetgeschwindigkeiten in NY und NJ ausgezeichnet. Das Unternehmen expandiert in neue Märkte und bietet Dienstleistungen im Paket an, einschließlich Mobiltelefon, TV und Festnetztelefonie.

Positive
  • Reached 500,000 fiber customers milestone
  • Network passes 2.9 million homes in tri-state area
  • $40M investment in Long Island infrastructure in 2024
  • Recognition as fastest internet provider in NY/NJ by Ookla and PCMag
  • Expansion into new markets like Montclair and West Orange
Negative
  • None.

Insights

The milestone of 500,000 fiber customers represents significant progress in Altice USA's network transformation strategy. The $40M investment in Long Island infrastructure and expansion to 2.9 million homes passed demonstrates meaningful market penetration potential. The 8 Gig symmetrical speeds position Optimum competitively against other providers, while the bundling strategy with mobile services creates additional revenue streams and customer stickiness.

The 17.2% penetration rate (500,000 customers out of 2.9M homes passed) indicates substantial room for growth within the existing footprint. The fiber rollout reduces long-term maintenance costs compared to legacy copper networks while enabling premium pricing for higher-speed tiers. Recognition from Ookla and PCMag validates the network quality, which should support customer acquisition and retention efforts.

The convergence strategy of combining fiber internet with mobile and streaming services positions Optimum well in the competitive telecommunications landscape. The $800 annual savings promotion through Optimum Complete bundles provides a compelling value proposition for customer acquisition. The aggressive pricing of $30 for 1 Gig service with mobile demonstrates a focus on market share growth.

The expansion into key markets like Montclair and West Orange suggests a targeted approach to high-value suburban areas. The emphasis on multi-gig speeds aligns with increasing household bandwidth demands from gaming, remote work and streaming applications, creating opportunities for ARPU growth through premium service tiers.

Optimum Fiber Delivers Symmetrical Speeds of up to 8 Gig Across its Fiber Footprint in New York, New Jersey, and Connecticut

NEW YORK--(BUSINESS WIRE)-- Today Optimum, a brand of Altice USA (NYSE: ATUS), announces the milestone of 500,000 residential customers on its 100% Fiber Internet network. Available to over 2.9 million homes passed across the company’s fiber footprint in New York, New Jersey, and Connecticut, Optimum delivers symmetrical multi-gigabit speeds of up to 8 Gig through Optimum Fiber alongside access to mobile, TV, and home phone services.

This milestone announcement comes as Optimum has been expanding services and making significant investments into its fiber network across its service areas. Recent activity highlighting this work and impact to its customers includes:

  • Over $40M investment into Optimum’s fiber network, infrastructure, and presence on Long Island in 2024, with additional multi-million-dollar network spends across the company’s Northeast footprint over the last several years to deliver stronger, faster, and more reliable connectivity services to area residents and businesses.
  • Recognition from third party sources, which name Optimum Fiber as providing the fastest and most reliable internet speeds in New York and New Jersey by Ookla® Speedtest®1 and the best and fastest internet service provider in New York and New Jersey by PCMag2.
  • Expansion to new markets, bringing Optimum Fiber services to key communities – including Montclair and West Orange, New Jersey – as well as further expansion of its fiber network across the broader New York tri-state region.

“At Optimum, our local teams have been hard at work transforming our fiber network, products, and experiences to deliver the very best services and support to customers across the communities we serve,” said Dennis Mathew, Chairman and CEO, Optimum. “We have been doubling down on the acceleration of our 100% Fiber Internet network deployment, working to drive it deeper into our communities and enabling more adoption of these award-winning services to make us the provider of choice among consumers in each market across our footprint. Today’s milestone is a testament to the progress we have been working towards, and a vision for what Optimum Fiber’s network looks like today and into the future – best-in-class connectivity services powered by a best-in-class fiber network.”

About Optimum’s Products and Services

Optimum is a leader in the deployment of multi-gigabit internet speeds across the nation, enabling symmetrical multi-gigabit speeds of up to 8 Gig through Optimum Fiber to support the most data-intensive applications such as gaming, graphic design, video production, and more, which brings customers an ultra-fast connectivity experience to meet their ever-evolving needs. When paired with Optimum Mobile, which is delivered over America’s largest and fastest 5G network, customers can experience complete and seamless connectivity both at home and on the go, all through one provider.

Optimum also delivers a seamless video and entertainment experience with Optimum Stream, which brings together live TV via the Optimum App alongside access to thousands of other streaming apps available for download through the Google Play Store, all accessible through a customer-friendly interface and compact, sleek device. Through Optimum Stream, customers can access a variety of video packages to meet each household’s content needs and budget, including Entertainment TV, Extra TV, and Everything TV the company’s new suite of TV packages which provide customers with more choice, flexibility, and value.

Customers interested in switching to Optimum can unlock significant savings of over $800 per year by enrolling in Optimum Complete, a line of Internet + Mobile bundles which provide access to a variety of service levels and price points to meet the bandwidth and data needs of every customer3. During Optimum’s Black Friday sales, customers can get 1 Gig internet for as little as $30 a month when they add unlimited mobile. A great value with a total price of $75 a month that includes equipment and an Apple iPhone 16 on us when trading in their phone. Visit Optimum.com/deals or visit a local retail store to learn more.

About Optimum

Optimum is a brand of Altice USA, one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content, and advertising services to approximately 4.6 million residential and business customers across 21 states. The company operates Optimum Media, an advanced advertising, and data business, which provides audience-based, multiscreen advertising solutions to local, regional, and national businesses and advertising clients. Altice USA also offers hyper-local and international news through its News 12 and i24NEWS networks.

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1 Based on analysis by Ookla® of Speedtest Intelligence® data, median download speeds, consistency score, NY, Q1–Q2 2024. Ookla trademarks used under license and reprinted with permission.

2 PCMag is a trademark of Ziff Davis, LLC. Used under license. Reprinted with permission. ©2024 Ziff Davis, LLC. All Rights Reserved.

3 Based on comparison of Optimum Complete with 1 Gig Fiber Internet + 2 lines of Optimum Mobile unlimited plan with Verizon Fios 1 Gigabyte Internet + 2 lines of 5G Unlimited Plus plan.

 

Media:

Heather Besler

(631) 660-8321

Heather.Besler@alticeusa.com

Erin Smyth

(917) 565-2480

Erin.smyth@alticeusa.com

Source: Altice USA

FAQ

How many customers does Optimum Fiber (ATUS) have in 2024?

Optimum has reached 500,000 residential customers on its 100% Fiber Internet network in 2024.

What is Optimum's (ATUS) fiber network coverage in 2024?

Optimum's fiber network passes over 2.9 million homes across New York, New Jersey, and Connecticut.

What is Optimum's (ATUS) maximum fiber internet speed in 2024?

Optimum Fiber delivers symmetrical multi-gigabit speeds of up to 8 Gig.

How much did Optimum (ATUS) invest in Long Island infrastructure in 2024?

Optimum invested over $40 million in its fiber network, infrastructure, and presence on Long Island in 2024.

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