Altice USA, Inc. - ATUS STOCK NEWS

Altice USA (NYSE: ATUS) announced a conference call scheduled for May 3, 2023, at 4:30 p.m. ET, to discuss its financial and operating results for Q1 2023, ending March 31, 2023. A press release detailing the results will be available at 4:05 p.m. ET. The call will be hosted by Dennis Mathew, CEO, and Marc Sirota, CFO. Investors can access the conference call through participant dial-in numbers: 877-404-9653 or +1 201-689-8856. A live webcast of the call will also be available on the company's investor relations website. Altice USA provides broadband and video services across 21 states, serving nearly 5 million customers via its Optimum and Suddenlink brands.

Altice USA (NYSE: ATUS) has appointed Alexandre Fonseca as the new Chairman of the Board, succeeding Dexter Goei who remains a board director. Fonseca, currently Co-CEO of Altice Group in Europe, has a strong background with experience leading Altice Portugal towards growth and previously served as Chief Technology Officer. He expressed commitment to enhancing value for employees, customers, and shareholders, emphasizing the company's current strengths under CEO Dennis Mathew’s leadership. Altice USA operates as a major broadband and video service provider in the U.S., serving nearly 5 million customers across 21 states.

Lightpath announced the launch of an enhanced national long-haul network offering scalable services up to 100 Gbps across key U.S. cities including Boston, New York, Philadelphia, Ashburn, Chicago, Dallas, Atlanta, and Miami. This upgrade includes wavelength and Ethernet services, providing customers with the ability to easily increase bandwidth as needed. The network connects Lightpath's core markets and enables local connections in non-core cities. This initiative aims to meet the growing demand for high-performance and reliable connectivity.

Altice USA (NYSE: ATUS) has announced key leadership changes to enhance customer focus and drive growth. Marc Sirota takes over as Chief Financial Officer on March 1, succeeding Michael Grau, who will serve as Senior Advisor. Leroy Williams has been appointed Chief Growth Officer, while David Williams becomes Chief Revenue Officer, succeeding Matthew Grover, who is retiring. Lastly, Shuvankar Roy has been named as Chief Customer Experience Officer. CEO Dennis Mathew expressed confidence in the new team’s ability to lead the transformation.

Altice USA (ATUS) reported its Q4 2022 and full-year results, highlighting a significant decline in total revenue, which fell 6.0% year-on-year to $2.37 billion. This decline was attributed to decreases in Residential revenue by 5.0% and Business Services revenue by 9.3%. The company registered a net loss of $193.1 million in Q4, compared to a profit of $251.7 million in the same quarter the previous year. Adjusted EBITDA also decreased 15.7% year-on-year to $913.3 million. Despite these challenges, Altice achieved 2.2 million fiber passings and grew its fiber customer base to over 170,000 households, signaling progress in its fiber expansion strategy.

Altice USA (NYSE: ATUS) will hold a conference call on February 22, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full year financial results ending December 31, 2022. A press release detailing the results will be available at 4:05 p.m. ET. The call will feature CEO Dennis Mathew and CFO Michael Grau. Participants can dial in at 877-404-9653 (U.S.) or +1 201-689-8856 (international). A live webcast will be accessible on the company's investor relations website. Altice USA serves nearly 5 million customers with broadband and video services across 21 states.

DataVerge has announced a partnership with Lightpath to enhance connectivity in the underserved Brooklyn area. This strategic collaboration aims to expand their presence and improve interconnection capabilities, particularly at Industry City, the largest interconnected campus in the U.S. DataVerge's carrier-neutral facility provides direct access to dark fiber and transport providers, making it a key player in the digital economy. Lightpath’s network spans over 20,000 route miles, connecting to over 75 data centers across the country.

This partnership is expected to significantly benefit local businesses and residents, offering more diverse connectivity solutions.

Altice USA (NYSE: ATUS) announced the pricing and allocation of a new $2 billion 5-year Senior Secured Term Loan B by its subsidiary, CSC Holdings, LLC. This loan is part of an existing credit agreement effective from October 9, 2015. It aims to refinance existing loans from March 2017 and October 2018. The interest rate will be based on the Term SOFR rate plus a margin of 4.50%. Consequently, the average cost of debt for CSC will rise from 5.1% to 5.3%, extending the weighted average life of its debt from 5.8 to 6.0 years as of September 30, 2022.