Altice USA

Summary
Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company's video services include 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; and platforms for video programming through mobile applications. It also provides voice over Internet protocol telephone services; and mobile services, such as data, talk, and text. In addition, the company offers 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 comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services consisting of wide area networking and dedicated data access, as well as wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides business e-mail, hosted private branch exchange, web space storage, and network security monitoring; and international calling and toll free numbers. Additionally, the company offers audience-based and IP-authenticated cross-screen advertising solutions; and television and digital advertising services, as well as operates news channels under the News 12 Networks, Cheddar, and i24NEWS names. It also provides broadband communications and video services under the Optimum and Suddenlink brands. The company was incorporated in 2015 and is headquartered in Long Island City, New York.

History

On May 20, 2015, Netherlands-based Altice NV announced that it would enter the U.S. cable market by purchasing Suddenlink Communications, the country's 7th-largest cable provider, for $9.1 billion. The acquisition closed on December 21, 2015.On September 17, 2015, Altice NV announced its intention to acquire Cablevision from the Dolan family and other public shareholders for $17.7 billion. The deal was approved by the FCC on May 3, 2016 and after approval from various regional regulators such as New Jersey's Board of Public Utilities and the New York Public Service Commission, closed on June 21, 2016. Under the terms of the deal, Altice paid $34.90 in cash for each share in Cablevision and a 22% premium to the company's stock price; Altice also assumed Cablevision's debt. Prior to this, Altice had already acquired St. Louis-based Suddenlink Communications, and both companies became subsidiaries of Altice USA.

In May 2017, Altice USA announced its intention to rebrand its Suddenlink and Cablevision properties under the Altice name by the end of the second quarter of 2018.In June 2017, Altice USA went public, raising $2.2 billion in its initial public offering.On January 8, 2018, Altice NV announced that it will spin-off Altice USA into a separate company. Patrick Drahi will maintain control of both companies, although they will be led by separate management teams.On April 30, 2019, it was announced Altice USA was buying Cheddar for $200 million in cash.On February 14, 2020, Altice USA announced that it has bought Service Electric Broadband Cable in New Jersey. The deal closed in July.On March 1, 2021, Altice USA announced that it would acquire Morris Broadband in North Carolina for $310 million which was later closed on April 6, 2021. Altice later announced that Morris Broadband would be rebranded into the Optimum name.


Mission
Altice USA is committed to connecting people to what matters most in their lives. We strive to provide our customers with the best entertainment, communication and advertising experiences that produce the greatest value.

Vision
Altice USA will be the premier provider of connected entertainment and communications in the US, delivering the most innovative, engaging and personalized experiences, to create value for all.

Key Team

Mr. Dennis Mathew (Chief Exec. Officer)

Ms. Colleen Schmidt (Exec. VP of HR)

Mr. Charles Fyfe Stewart (Special Advisor & Director)

Ms. Lisa Gonzalez Anselmo (Exec. VP of Communications & Chief Diversity Officer)

Ms. Maria Bruzzese (Chief Accounting Officer)

Mr. Nick Brown (Exec. VP of Corp. Fin. & Devel.)

Mr. Pragash Pillai (Exec. VP and Chief Technology, Information Officer & Customer Experience)


Recognition and Awards
Altice USA has been recognized as a “Top Company of the Year” by IHS Markets, one of “America’s Fastest-Growing Companies” by Forbes Magazine and number one on the “Telecommunications Top 25 Companies” from the Connecticut Technology Council.

References
Altice USA
Leadership team

Mr. Michael J. Grau (Exec. VP & CFO)

Mr. Dexter G. Goei (Exec. Chairman)

Mr. Michael E. Olsen (Exec. VP, Gen. Counsel & Sec.)

Products/ Services
Communications Infrastructure
Number of Employees
1,000 - 20,000
Headquarters
Bethpage, New York, United States
Established
2015
Company Registration
SEC CIK number: 0001702780
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ATUS
Social Media
Sun Mar 03 2024
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