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, Inc. (NYSE: ATUS) is a leading telecommunications company, committed to creating connections that matter. Operating under prominent brands like Optimum and Suddenlink, Altice USA provides high-speed broadband, digital television, and phone services to millions of customers across the United States.
Altice USA also offers mobile services through Altice Mobile and Altice WiFi, delivering seamless connectivity and advanced mobile solutions. The company's media assets include Cheddar, News 12, and i24News, providing around-the-clock news coverage and innovative content delivery.
With a focus on advanced advertising, a4 Advertising empowers businesses through targeted, data-driven advertising solutions. Altice Business caters to the diverse needs of businesses, offering comprehensive communication services and cutting-edge technology to drive growth and efficiency.
The company has achieved significant milestones, including the acquisition of Suddenlink in 2015 and Cablevision in 2016, expanding its reach to over 9.5 million homes and businesses. In 2018, Altice USA was spun off from Altice Europe to operate as an independent, publicly traded entity.
In recent developments, Altice USA's subsidiary, Lightpath, announced groundbreaking measures to enhance network security with the launch of LP DDoS Shield. This innovation aims to safeguard against sophisticated DDoS attacks using advanced detection and mitigation technologies, ensuring robust and reliable connectivity for Lightpath's customers.
Furthermore, Lightpath signed a definitive agreement to acquire United Fiber and Data's assets, expanding its high-fiber count network between New York City and Ashburn, VA. This acquisition enhances Lightpath's infrastructure, providing diverse, high-capacity connectivity solutions to enterprises and data centers in the region.
Altice USA's commitment to innovation, customer satisfaction, and community support remains unwavering, driving its mission to connect people to the things that matter most. Learn more about Altice USA's latest projects, financial performance, and future plans on their official website.
Altice USA (NYSE: ATUS) has launched the FCC’s Emergency Broadband Benefit Program, providing eligible Optimum and Suddenlink residential customers with monthly credits of up to $50 for internet service. This initiative aims to enhance broadband accessibility following COVID-19. The program continues until six months after the end of the federal health emergency or until funds are exhausted. The company is also promoting its Altice Advantage Internet product, offering affordable broadband solutions to support families and communities lacking internet access during the pandemic.
Altice USA (NYSE: ATUS) announces CEO Dexter Goei's participation in two upcoming virtual conferences: the MoffettNathanson Media and Communications Summit on May 12, 2021, at 1:00 PM EDT, and the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 9:30 AM EDT. Investors can access live webcasts of both events through the provided links. Altice USA is a leading broadband and video services provider, serving over 5 million customers in 21 states with brands like Optimum and Suddenlink.
Altice USA (NYSE: ATUS) reported Q1 2021 results with a total revenue increase of 1.2% YoY to $2.48 billion, primarily driven by a 9.6% rise in broadband revenue.
Net income surged to $274.1 million or $0.58/share, reversing a loss from Q1 2020. Adjusted EBITDA grew by 4.2% to $1.07 billion, reflecting a margin of 43.4%.
Free cash flow rose 82.3% YoY to $536.8 million, supporting $523 million in share repurchases.
Altice USA (NYSE: ATUS) has launched Smart WiFi 6, enhancing its connectivity services for Optimum and Suddenlink customers. This new technology offers up to 3x faster speeds, better performance, expanded range, and longer battery life. It supports multiple devices, catering to the increasing demand for reliable internet in today’s households. Currently available to new 1 Gig broadband customers, Smart WiFi 6 is part of Altice USA's ongoing investment in network upgrades, with 92% of homes now able to access 1 Gig broadband service.
Altice USA (NYSE: ATUS) will conduct a conference call on April 28, 2021, at 4:30 p.m. EDT to discuss its Q1 2021 financial results. A press release detailing these results will be released at 4:05 p.m. EDT. The call will feature CEO Dexter Goei and CFO Michael Grau. Participants can join via the toll-free number +1 (833) 968-2322 or toll number +1 (778) 560-2842 with Conference ID 7564717. A live webcast and presentation will be accessible through the company’s investor relations website.
Altice USA is a leading broadband and video services provider, serving over 5 million customers across 21 states.
Altice USA (NYSE: ATUS) has successfully completed the acquisition of Morris Broadband, LLC, enhancing its presence in North Carolina, where it now serves approximately 36,500 additional customers. This acquisition positions Altice as the sixth largest provider in the state. CEO Dexter Goei expressed enthusiasm for integrating Morris Broadband’s operations and expanding their Optimum-branded services. The company plans to invest in technology and infrastructure to improve connectivity for its customers, aiming for increased scale and operational efficiencies.
Altice USA (ATUS) announced a definitive agreement to acquire Morris Broadband for $310 million, expanding its presence in North Carolina. The acquisition will enhance Altice's footprint, making North Carolina the sixth-largest state for the company based on residential customers. Morris Broadband, serving approximately 36,500 customers, generated around $13 million in Adjusted EBITDA for Q4 2020. The purchase price represents a multiple of 24.1x Q4 LQA Adjusted EBITDA, which could adjust to 7.4x when factoring in expected synergies. Completion is anticipated in Q2 2021.
Altice USA (ATUS) reported solid financial results for Q4 and FY 2020, with total revenue rising 2.5% YoY to $2.54 billion in Q4 and 1.4% to $9.89 billion for the full year. Adjusted EBITDA increased by 6.1% YoY in Q4 to $1.15 billion, reflecting a margin of 45.4%. Notably, net income for Q4 soared to $330.5 million, compared to $0.3 million in the previous year. The company returned $4.8 billion to shareholders through share repurchases. For FY 2021, Altice predicts continued growth in revenue and adjusted EBITDA, while planning share buybacks totaling $1.5 billion.
Altice USA (NYSE: ATUS) will hold a conference call on February 10, 2021, at 4:30 p.m. EST to discuss its financial and operational results for the fourth quarter and full year ending December 31, 2020. A press release detailing these results will be issued at 4:05 p.m. EST. The call will be hosted by CEO Dexter Goei and CFO Michael Grau. Participants can access the call via toll-free and toll numbers, and a live webcast will be available on the company’s investor relations website.
Altice USA (NYSE: ATUS) has completed its modified Dutch auction tender offer, repurchasing 64,613,479 shares of Class A common stock at $36.00 per share, totaling approximately $2.33 billion. This transaction accounts for 18.2% of the Class A shares and 12.0% of all outstanding shares. The offer expired on December 21, 2020, and payments for accepted shares will be processed promptly. Altice USA continues to provide broadband and video services to over 5 million customers across the U.S.
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