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Altice USA, Inc. - ATUS STOCK NEWS

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.

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Altice USA (NYSE: ATUS) has completed its review of strategic alternatives for its Suddenlink business. The Board of Directors has unanimously decided to continue operating Suddenlink, believing this aligns with the company's long-term business plan and serves the best interests of its stockholders. Altice USA is a leading provider of broadband and video services in the U.S., serving nearly 5 million customers through its Optimum brand and offering advanced advertising solutions via its a4 business.

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Lightpath has appointed Inge Smidts, John Ghirardelli, and Nick Brown to its Board of Managers, effective October 19, 2022. Smidts brings over 20 years of experience in the communications sector, currently serving as CEO of Cable and Wireless. Ghirardelli has nearly two decades in digital infrastructure with Morgan Stanley Infrastructure Partners, while Brown has extensive experience in communications and finance, currently EVP at Altice USA. Lightpath operates an extensive all-fiber network across the Northeast United States, supported by Altice USA's 50.01% ownership.

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Lightpath has achieved a remarkable score of 96 and a 5-Star Rating in the 2022 GRESB Infrastructure Asset Benchmark Report, ranking first among private data transmission companies in the Americas. This score is significantly above the industry average of 79. The GRESB assessment evaluates environmental, social, and governance (ESG) performance, and Lightpath's score underscores its commitment to these objectives. CEO Chris Morley stated that the company will continue to prioritize ESG initiatives, benefiting both the organization and the wider community.

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Altice USA (ATUS) reported Q3 2022 results with total revenue of $2.39 billion, down 7.0% YoY. Notably, Residential revenue declined 4.4%, while Business Services and News & Advertising revenues fell 16.8% and 16.1% respectively. Net income attributable to stockholders dropped to $85 million ($0.19/share) from $267 million ($0.58/share) a year prior. Fiber broadband net additions surged to 31k, reaching 135k total fiber customers. The company continues its fiber deployment strategy, achieving 1.9 million fiber passings despite macroeconomic pressures. Capital expenditures rose 59.6% YoY to $494 million.

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Lightpath announced its entrance into the Miami market, launching a 135-mile all-fiber network. A 55-mile subterranean network will be operational by January 2023, with additional expansions planned. This initiative follows Lightpath's successful expansion into Boston in June 2021. The company aims to provide robust connectivity, leveraging its existing network of over 20,000 route miles and catering to over 13,500 service locations.

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Altice USA (NYSE: ATUS) will hold a conference call on November 2, 2022, at 4:30 p.m. EDT to discuss its Q3 financial results for the period ending September 30, 2022. A press release will precede the call at 4:05 p.m. EDT. The call will feature leadership including Dexter Goei, Dennis Mathew, and Michael Grau. Interested parties can access the live webcast on Altice's investor relations website.

Altice USA serves nearly 5 million customers across 21 states with broadband and video services.

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Lightpath has launched a new 54-mile all-fiber network in Princeton, NJ, marking its entry into this competitive market. The network is operational and available to over 400 target customers. With access to a comprehensive portfolio of connectivity solutions and the Lightpath network of 20,000 route miles, Princeton-area customers can leverage services such as Optical Transport, Ethernet, and SD-WAN. This expansion aims to strengthen Lightpath's presence in a region known for its vibrant startup culture and large enterprises.

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Altice USA has appointed Dennis Mathew as CEO, effective October 3, 2022, succeeding Dexter Goei, who becomes Executive Chairman. Mathew brings 17 years of experience from Comcast, where he led significant organizational improvements and customer experience initiatives. The leadership change aims to enhance Altice USA's strategic growth, particularly in fiber broadband deployment. Founder Patrick Drahi expressed confidence in Mathew's ability to lead the company's vision and maintain momentum in providing advanced connectivity services.

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Lightpath, a connectivity provider, announced a new 70+ mile fiber network build connecting Trumbull and Norwalk, CT, to Katonah, NY. This expansion enhances their next-generation network in western Connecticut, which boasts a skilled talent ecosystem and 14 Fortune 500 companies. The upgrade is part of Lightpath's ongoing investment in the region, aiming to support digital transformation for enterprises. Their network now exceeds 20,000 route miles with over 13,500 service locations.

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Altice USA (NYSE: ATUS) has announced that CEO Dexter Goei will participate in the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 13, 2022. The fireside chat is set to begin at 10:00 a.m. PDT (1:00 p.m. EDT). Interested parties can access a live webcast through the provided link.

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FAQ

What is the current stock price of Altice USA (ATUS)?

The current stock price of Altice USA (ATUS) is $2.64 as of December 20, 2024.

What is the market cap of Altice USA (ATUS)?

The market cap of Altice USA (ATUS) is approximately 1.2B.

What services does Altice USA offer?

Altice USA provides high-speed broadband, digital TV, and phone services through its Optimum and Suddenlink brands, along with mobile services, news media, advanced advertising, and business solutions.

What are the main brands under Altice USA?

The main brands include Optimum, Suddenlink, Altice Mobile, Altice WiFi, Cheddar, News 12, i24News, and a4 Advertising.

Who are the primary customers of Altice USA?

Altice USA serves millions of residential customers, businesses, schools, hospitals, and communities across the U.S.

What recent innovations has Altice USA introduced?

Lightpath, a subsidiary of Altice USA, recently launched LP DDoS Shield to enhance network security against DDoS attacks, using advanced detection and mitigation technologies.

What significant acquisitions has Altice USA made?

Altice USA acquired Suddenlink in 2015 and Cablevision in 2016, expanding its service coverage to over 9.5 million homes and businesses.

What is the significance of Altice USA's network expansion?

The expansion, including the recent acquisition of United Fiber and Data's assets, enhances Altice USA's fiber network, providing high-capacity, diverse connectivity solutions in key regions.

When did Altice USA become a publicly traded company?

Altice USA was spun off from Altice Europe and became an independent, publicly traded entity in 2018.

How does Altice USA support local communities?

Altice USA supports communities by providing access to advanced technology, promoting digital wellness, and fostering the next generation of innovators through various initiatives.

What media outlets does Altice USA own?

Altice USA owns Cheddar, News 12 Networks, and i24News, offering diverse news coverage and innovative content delivery.

Where can I find more information about Altice USA?

Visit Altice USA's official website for more information about their services, latest projects, financial performance, and future plans.

Altice USA, Inc.

NYSE:ATUS

ATUS Rankings

ATUS Stock Data

1.20B
433.50M
11.33%
54.39%
5.67%
Telecom Services
Cable & Other Pay Television Services
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United States of America
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