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 (NYSE: ATUS) delivers essential telecommunications services including broadband, digital media, and enterprise connectivity solutions across U.S. markets. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases and third-party analysis covering earnings announcements, infrastructure investments, partnership agreements, and regulatory updates. Our curated feed ensures you stay informed about ATUS's evolving role in advancing broadband access, media innovation, and next-gen network infrastructure.
Key updates include executive leadership changes, service expansion announcements, technology deployments through Lightpath fiber networks, and A4 Advertising platform enhancements. Bookmark this page for streamlined tracking of Altice USA's progress in shaping digital connectivity landscapes.
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.
Altice USA (NYSE: ATUS) announced preliminary results of its modified Dutch auction tender offer to repurchase up to $2.5 billion of Class A common stock. The offer expired on December 21, 2020, with 64,814,209 shares tendered at a final purchase price of $36.00 per share, totaling approximately $2.33 billion. This represents about 18.3% of the outstanding Class A shares. The actual number of shares and final price will be confirmed post the settlement period, expected by December 28, 2020.
