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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.
Optimum has issued a statement regarding its ongoing negotiations with Nexstar, criticizing the broadcaster's business practices and high rate demands. The company highlights that Nexstar was previously fined by the FCC for violating TV ownership rules regarding WPIX-TV in New York, yet continues to negotiate carriage rights for the station. Optimum argues against Nexstar's practice of bundling local channels with less popular ones like NewsNation, which reportedly 90% of customers don't watch.
The company emphasizes its commitment to providing customers with choice, flexibility, and value in TV content selection. While negotiations continue, Optimum is offering alternative solutions for customers to access Nexstar-owned content, including ABC, NBC, FOX, CBS, and CW stations, through various means including over-the-air antenna options.
Altice USA (NYSE: ATUS) has announced it will host a conference call on Thursday, February 13, 2025, at 8:30 a.m. ET to discuss its Q4 and full year 2024 financial and operating results. The call will be led by Dennis Mathew, Chairman and CEO, and Marc Sirota, CFO.
Earnings release, results presentation, and trended schedule will be available at 7:00 a.m. ET before the call on the company's Investor Relations website. Participants can join via telephone at 877-404-9653 (US) or +1 201-689-8856 (International), or through a live webcast on the company's IR website.
Optimum announces the removal of Nexstar's content from its TV lineups effective 5:00PM ET due to failed carriage negotiations. The dispute centers on Nexstar's bundling strategy, requiring Optimum to carry less popular channels like NewsNation (which 90% of customers don't watch) alongside local broadcast stations. Nexstar rejected Optimum's extension offer and demands the highest broadcasting group rates.
The cable provider criticizes Nexstar's 'all or nothing' approach, which forces customers to pay for unwanted content and bundles stations across different states. Optimum argues this strategy is anti-consumer and detrimental to local programming. The company remains open to negotiations while providing alternative solutions for customers to access Nexstar-owned content, including over-the-air antenna options.
Optimum has issued a statement addressing the ongoing dispute with MSG Networks over programming costs and distribution. The company criticizes MSG's demand for high fees from all customers, including non-viewers, while highlighting alternative viewing options for sports fans.
Optimum emphasizes its commitment to providing affordable programming and reveals it offered to absorb MSG's price demands if allowed to package content more flexibly. However, MSG rejected multiple deal proposals. To address the situation, Optimum is offering solutions to help offset costs of the Gotham Sports app for fans wanting to watch Knicks, Islanders, Devils, and Rangers games, while also providing new affordable packages for non-sports viewers.
Optimum announces the removal of MSG Networks from its TV lineups following failed carriage agreement negotiations that expired on December 31, 2024. The dispute centers on MSG's demands for high programming fees and requirement to make their channels available to most subscribers regardless of viewing preferences. Optimum offered to absorb the price increases if MSG would allow more flexible packaging options, but MSG refused multiple offers.
The company emphasizes that Regional Sports Networks viewership is increasingly fragmented across streaming platforms, yet MSG maintains an outdated model demanding higher fees. Optimum is providing customers with alternative viewing options and assistance through their customer service channels and website.
Optimum, an Altice USA brand (NYSE: ATUS), has reached 500,000 residential customers on its 100% Fiber Internet network, which serves over 2.9 million homes across New York, New Jersey, and Connecticut. The company offers symmetrical speeds up to 8 Gig through Optimum Fiber. The company has invested over $40M in its Long Island infrastructure in 2024, with additional multi-million-dollar investments across the Northeast. Optimum Fiber has been recognized by Ookla® Speedtest® and PCMag as providing the fastest and most reliable internet speeds in NY and NJ. The company is expanding to new markets and offers bundled services including mobile, TV, and home phone services.
Lightpath, an all-fiber connectivity provider, achieved a 5-Star Rating and a score of 97 out of 100 on the 2024 GRESB Infrastructure Asset Benchmark Report. This score positioned the company as the leader among private data transmission companies in the fiber networks sector in the Americas, significantly outperforming the peer average of 82. GRESB evaluates environmental, social, and governance (ESG) performance of infrastructure assets worldwide using self-reported data and peer benchmarking, aligned with international reporting frameworks like GRI and PRI.
Altice USA (ATUS) reported Q3 2024 results with total revenue of $2.2 billion (-3.9% YoY) and a net loss of $43 million. The company showed strong fiber growth with 47k fiber net additions, reaching 482k fiber customers (+63% YoY). Mobile performance was the best in four years with 36k net adds. However, broadband PSU losses were -50k. Key metrics included:
- Residential revenue: $1.7B (-5.6% YoY)
- Business Services revenue: $366.4M (-0.1% YoY)
- Adjusted EBITDA: $862M (-5.8% YoY)
- Free Cash Flow: $76.9M
The company unveiled a transformation plan targeting improved free cash flow through revenue opportunities, fiber penetration, and operational efficiency.
Optimum announces two new TV packages launching November 4: Extra TV ($85/month for 125+ channels) and Everything TV ($140/month for 200+ channels). These join the previously launched Entertainment TV ($30/month for 80+ channels) to complete Optimum's modern video model. The packages are accessible through Optimum Stream, offering live TV and streaming apps in one platform. Extra TV includes major networks and sports channels, while Everything TV adds premium content and regional sports. The service is available across NY, NJ, CT, and expanding to western markets, reaching 1.5 million additional homes.
Lightpath announces expansion in Greater Miami with connectivity to eight new data centers, bringing the total to 12 on-net data centers by end of 2024. The company is adding 15 miles of new fiber network toward North Miami Beach and Miami Gardens, and introducing RapidPath, a dark fiber service offering ultra-fast deployment between data centers in as fast as five days. The expansion aims to meet increasing demand for data center connectivity driven by AI and cloud provider requirements. The service will be available in Miami, New York Metro, and Greater Boston areas, offering connectivity to over 140 data centers and seven cable landing stations.
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