Altice USA, Inc. - ATUS STOCK NEWS

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.

Lightpath expands into the Boston fiber connectivity market through three strategic acquisitions: Cambridge Network Solutions, Point 5 Network Solutions, and Hub Fiber. This marks Lightpath as the first all-fiber, enterprise-grade provider in Boston since market consolidation began. The acquisitions add over 80 route miles of high-capacity fiber and connect 100 locations, including 12 data centers. Funded by existing cash reserves, these moves aim to bolster Lightpath's service offerings and customer base. CEO Chris Morley emphasizes the growth potential in Boston's tech and biotech sectors.

Altice USA (NYSE: ATUS) announces that CFO Michael Grau will participate in the virtual Credit Suisse 23rd Annual Communications Conference on June 15, 2021, starting at 11:55 am EDT. Interested investors can listen to the live webcast via a provided link. Altice USA is a major broadband and video services provider in the U.S., servicing over 5 million customers in 21 states through its Optimum and Suddenlink brands, alongside its advanced advertising business, a4, which offers targeted advertising solutions.