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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) 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.
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.
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