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Overview of Altice USA
Altice USA (NYSE: ATUS) is a leading telecommunications and media company that operates across the broadband, video, wireless, and advertising sectors. With a mission to connect people and businesses to what matters most, Altice USA leverages its advanced technology infrastructure to deliver high-speed internet, television, and phone services under its flagship brands, Optimum and Suddenlink. The company's offerings extend beyond consumer services to include enterprise connectivity solutions, media content, and advertising technologies, making it a diversified player in the digital ecosystem.
Core Business Areas
- Broadband and Video Services: Altice USA provides high-speed internet, digital television, and voice services to millions of residential and business customers across the United States. Its Optimum brand is particularly strong in the New York metro area, while Suddenlink serves smaller markets in regions such as Texas, Louisiana, and West Virginia.
- Enterprise Connectivity: Through its subsidiary Lightpath, Altice USA offers advanced fiber-optic solutions tailored for enterprises, governments, and educational institutions. Lightpath's portfolio includes high-capacity dark fiber, Ethernet, Internet, and wavelength services, supporting the growing demand for AI-driven and cloud-based applications.
- Media and Content: Altice USA owns and operates media assets such as News 12, a hyper-local news network, and i24News, which focuses on international and Middle Eastern news. These platforms enhance its value proposition by integrating content delivery with its telecommunications services.
- Advertising Solutions: The company’s a4 Advertising division provides data-driven, targeted advertising solutions to businesses, leveraging its extensive network and customer data to deliver measurable results.
Competitive Positioning
Altice USA operates in a highly competitive landscape, facing major players such as Comcast, Charter Communications, and Verizon. It differentiates itself through its focus on advanced fiber-optic infrastructure and tailored enterprise solutions. The company's strategic investments in high-capacity networks, including its recent expansions in regions like Phoenix and its acquisition of United Fiber and Data assets, underline its commitment to meeting the growing connectivity demands of hyperscalers, enterprises, and public sector clients.
Innovation and Infrastructure
Altice USA has made significant strides in building and expanding its fiber-optic network, which now spans tens of thousands of route miles. This infrastructure supports a wide range of services, from high-speed residential broadband to enterprise-grade solutions. The company is also addressing emerging trends such as AI-driven workloads and hybrid cloud architectures, ensuring its offerings remain relevant in a rapidly evolving digital landscape.
Commitment to ESG
Altice USA demonstrates a strong commitment to Environmental, Social, and Governance (ESG) principles. Through initiatives like digital wellness programs and efforts to bridge the digital divide, the company aims to empower communities and foster sustainable growth. Its subsidiary Lightpath recently achieved a top GRESB score for its ESG performance, reflecting its leadership in sustainability and governance.
Key Takeaways
Altice USA's diversified business model, robust infrastructure investments, and focus on innovation position it as a significant player in the telecommunications and media industry. By addressing both consumer and enterprise needs, the company continues to strengthen its market presence while driving digital transformation across its service areas.
Altice USA (NYSE: ATUS) will have CEO Dexter Goei participating in the UBS Global TMT Virtual Conference on Tuesday, December 7, 2021. The presentation is set to start at 11:00 AM EST and will be available via a live webcast. Altice USA is a leading provider of broadband and video services in the United States, serving over 5 million customers across 21 states through its Optimum and Suddenlink brands. The company also operates an advanced advertising business and offers various news services.
Lightpath announced a 50-mile expansion of its all-fiber network in the Boston region, increasing the total route miles to over 130. This expansion targets key areas including Boston, Waltham, Bedford, Burlington, and Lowell, MA, enhancing access to strategic data centers and business centers. The addition of diverse routes improves service reliability and options for new customers, potentially reaching over 1,200 new organizations. Lightpath aims to revolutionize digital connectivity with its extensive fiber-optic network, connecting over 12,000 locations nationwide.
Altice USA (ATUS) announced its Q3 2021 results, reporting a revenue increase of 5.8% year-over-year to $2.57 billion, driven by strong growth in Business Services (21.7%) and Advertising (15.7%). The company recorded a net income of $266.9 million compared to a net loss in Q3 2020. Despite the positive financial trends, unique Residential customers fell by 0.4%, reflecting a loss of 25,000 customers, primarily due to elevated move activity. Altice aims to boost broadband growth through strategic initiatives, including network upgrades and new service offerings.
Lightpath announced its entrance into the connectivity market in Princeton, NJ, with a new 54-mile all-fiber network build. This expansion will serve over 400 local enterprises, educators, and government organizations, along with connecting to four data centers. The new infrastructure enhances Lightpath's extensive network of over 18,000 route miles and 12,000 service locations, providing access to major cloud providers and numerous data centers. This initiative aligns with previous expansions in Boston and Queens.
Altice USA (NYSE: ATUS) will hold a conference call on November 4, 2021, at 4:30 p.m. EDT to discuss Q3 financial and operational results, with a press release issued at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau. Interested parties can access the call through designated dial-in numbers or via a live webcast on Altice USA's investor relations website. The company serves over 5 million customers across multiple states, providing broadband, video, and advertising services.
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Altice USA (NYSE: ATUS) have reached a new multi-year agreement ensuring the continued carriage of ViacomCBS' extensive portfolio of broadcast, entertainment, news, and sports networks for Altice USA's Optimum and Suddenlink customers. The agreement also includes rights to ViacomCBS' streaming services, including Paramount+, SHOWTIME OTT, and Pluto TV. This partnership reinforces the commitment of both companies to deliver quality content while collaborating on advanced advertising capabilities.
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.
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