Altice USA is an American cable television provider/multiple system operator with headquarters in New York City, with broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content and advertising services to approximately 4.9 million residential and business customers in 21 states. The company also provides international news through the February 2017 U.S. launch of i24 NEWS and local news through News 12 Networks.
The company is a subsidiary of Altice NV, a multinational telecoms company. Altice USA is the fourth-largest cable provider in the U.S., which operates under the Optimum and Suddenlink brands, with customers residing in the New York Tri-State area, as well as a number of midwestern and southern states.
In June 2017, Altice USA went public, raising $2.2 billion in its initial public offering. Earlier in 2017, Altice USA announced its intention to rebrand its Suddenlink and Optimum businesses under the Altice name by the end of the second quarter of 2018. Altice USA remains based at Cablevision's former headquarters in Bethpage, New York, which will become the operational center for the company when its main headquarters is moved to One Court Square in Long Island City, Queens.
In November 2016, Altice USA announced a five-year plan for fiber-to-the-home to build a network capable of delivering 10 Gbps broadband speeds. In August 2017, the company stated it was on track to reach one million homes by the end of 2018.
Video Altice USA
Products and services
- Optimum Online is a DOCSIS Internet service with speeds that range from 5/1 to 300/35 Mbps that includes a leased modem, free router, email, and access to Optimum Wifi hotspots in New York, New Jersey, Connecticut, and parts of Pennsylvania. Static IP is also available for business customers.
- Optimum Voice is a Voice over IP (VoIP) telephone service provided by Cablevision for its Optimum Online customers. New customers must have Optimum Online first before using Optimum Voice, as it uses the Internet for the phone session. Optimum Voice is not currently available in the Pennsylvania portion of Cablevision's footprint. SIP trunking is also available for business customers.
- Optimum TV, formerly iO digital cable, is a digital cable service offered by Altice USA, available in New York, New Jersey, Connecticut, and parts of Pennsylvania. It includes 130 HDTV channels, interactive channels, such as games, and channels that allow viewers to browse listings of autos and homes for sale in the area, and video on demand. HD channels are free with Optimum TV to customers who subscribe to the service package that includes the SD channel. Additionally, Optimum TV comes with 46 channels of Music Choice music channels. Optimum TV also offers single-room DVR and multi-room cloud DVR for an additional cost.
- Lightpath provides enterprise-grade voice and data services to business customers using the Altice USA fiber network.
Other properties
- Newsday and amNewYork (25% share, Dolan Family is the majority owner.)
- News 12 Varsity, part of Cablevision Local Media, which includes Newsday
Maps Altice USA
History
On September 17, 2015, Netherlands-based 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. The Cablevision name has been retired, and the company is now known as Altice USA, with Optimum remaining the customer facing brand of the company. Prior to this, Altice had already acquired Midwestern cable operator Suddenlink Communications and both companies were subsequently placed under 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.
Carriage Disputes
AMC Networks dispute
Altice engaged in a carriage dispute with the Dolan family (the former owners of Cablevision). Altice's contract to carry AMC Networks group of channels was to expire on December 31, 2016. On December 28 the two sides reached an agreement, three days before their contract with AMC expired.
The Walt Disney Company dispute
Altice engaged in a dispute with The Walt Disney Company; the contract to carry the company's channels will expire on October 1, 2017 unless a new agreement is reached.
On October 1, 2017, David Faber of CNBC reported that an agreement in principle had been reached.
See also
- List of United States telephone companies
- List of multiple-system operators
References
External links
- Official website
Source of the article : Wikipedia
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