Altice USA, Inc.

Last price update: 10 Dec 24 23:00 GMT

Price:
$2.40
Open:
$2.36
Previous close:
$2.36
Day's range:
$2.29 - $2.50
Year's range:
$1.52 - $3.66
Net Income per Share:
-0.37
Price-to-Earnings ratio:
-6.49
52-week Price Range:
$2.49
Volume:
$4,369,522.00
Average volume:
$3,310,720.00

Company profile for Altice USA, Inc.

Altice USA, Inc. logo

Altice USA, Inc., a subsidiary of Altice N.V., is a broadband communications and video services provider in the United States, Canada, Puerto Rico, and the Virgin Islands. With over five million residential and business customers, Altice USA offers a full suite of services including broadband, video, telephony, and mobile services. Video services include the delivery of broadcast stations and cable networks, over the top services, video-on-demand, high-definition channels, digital video recorder, and pay-per-view services, as well as video programming platforms through mobile applications. Voice over Internet protocol telephony and mobile services such as data, talk, and text are also provided. In addition, the company offers various services such as Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services, hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services consisting of audio and web conferencing, fiber-to-the-tower services to wireless carriers, data services, and enterprise class phone services. It also provides business e-mail, hosted private branch exchange, web space storage, and network security monitoring, international calling and toll free numbers, audience-based and IP-authenticated cross-screen advertising solutions, and television and digital advertising services. Altice USA also operates news channels under the News 12 Networks, Cheddar, and i24NEWS names, as well as provides broadband communications and video services under the Optimum and Suddenlink brands. Altice USA was founded in 2015 and is headquartered in Long Island City, New York.

In 2020, Altice USA acquired Cheddar, an American pay television news network, which is available over-the-top (OTT) networks, streaming services, and cable systems. The acquisition has broadened the scope of Altice USA’s services, with Cheddar launching 70 brand-new programming, including financial news and original sports shows. Altice USA also acquired US telecommunication providers TDS Telecom and RCN Telecom Services in 2020. The companies provide broadband, video, and voice services, as well as cloud-based voice applications and managed services primarily to small and mid-sized businesses in their respective service areas. The acquisitions will strengthen Altice USA’s presence in the US telecommunications market, enabling the company to provide even more services to its customers.

Altice USA has also been investing in expanding its fiber networks and 5G infrastructure. The company has completed the buildout of its fiber network to 1 million homes and businesses and is aiming to reach an additional 2 million homes and businesses by the end of 2022. Furthermore, Altice USA plans to launch 5G services in the second half of 2021, with an initial focus on fixed 5G home internet services in select markets. In 2020, the company partnered with Nokia, Google, and other telecoms to launch the Altice Mobile virtual mobile network, which will provide users access to 5G services. Altice USA is positioning itself to be a leader in the 5G revolution and is working on providing customers with more reliable and secure network services.

Stock exchanges:
NYSE
Sector:
Communication Services
Industries:
Telecom Services
Ticker:
ATUS
CIK:
1702780
ISIN:
US02156K1034
Website:
https://www.alticeusa.com
Phone:
516 803 2300
Origin:
United States
Employees:
9,000