& cplSiteName &

Altice USA Begins Fiber Buildout

Mari Silbey
7/28/2017
50%
50%

The US division of Altice has begun rolling out fiber-to-the-home, part of a five-year plan to cover its entire Optimum footprint and part of its Suddenlink service area.

The company also confirmed it has begun beta-testing a new video hub product in the second quarter, with plans to start rolling out the gateway commercially within the next month or so. (See Altice Hopes Hubs Will Move Needle.)

The news came alongside the company's second-quarter earnings. Altice reported revenue from its US operations of $2.3 billion in the quarter, up 3.2% year-over-year despite lackluster activity on the subscriber front.

Altice USA's FTTH rollout comes as many of its peers in the US are focusing more heavily on DOCSIS 3.1 for high-speed broadband services. Altice believes it can deploy fiber cost-effectively thanks to what it considers pioneering GPON technology developments, and the fact that much of the company's outside plant -- at least throughout the Cablevision/Optimum footprint -- is built around aerial connections rather than underground cabling. (See Altice USA Sticks to High-Fiber Diet.)

Capex for Altice USA for the quarter was only $228 million, but the company said that number is "expected to increase through H2 2017 and into 2018... as the build phase of the FTTH rollout has now begun."


For more cable market coverage and insights, check out our dedicated cable content channel here on Light Reading.


Despite Altice's big plans, the company still faces the same competitive threats as any cable operator in the US, and it hasn't yet mustered much momentum with customers. Altice lost 12,000 video subscribers in its Optimum territory, and 25,000 video subs in its Suddenlink footprint in the second quarter. The company managed to add 10,000 Optimum broadband customers over the same period, but that result was offset by a loss of 8,000 Suddenlink Internet subs. Altice also lost 1,000 Optimum voice subscribers and 7,000 Suddenlink voice subs.

In a surprise moment during Altice's earnings call, the chairman and CEO of Altice USA, Dexter Goei, did shed some light on the company's outlook around offering wireless services in the US. He noted that Altice isn't very interested in acquiring a mobile operator, but did say that he would be open to working with Comcast Corp. (Nasdaq: CMCSA, CMCSK) and Charter Communications Inc. in pursuing the wireless sector if the right opportunity arose. (See Sprint Plus Cable, Still on the Table Report.)

"We've got a great relationship with our peers. We've got a very open dialog, so to the extent there's an opportunity to do something together, we will absolutely look at it very seriously," said Goei.

This is the first quarter that Altice has reported earnings since its US IPO in June. The company raised $1.9 billion through its initial public offering, one of the largest entries into the market so far this year. Altice USA opened today on the New York Stock Exchange trading at $33.76 per share. Declines throughout the day have left the share price hovering about a dollar lower in the afternoon hours. (See Altice Raises $1.9B in US IPO.)

— Mari Silbey, Senior Editor, Cable/Video, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue London
November 10, 2017, The Westin Times Square, New York, NY
November 16, 2017, ExCel Centre, London
November 30, 2017, The Westin Times Square
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Muni Policies Stymie Edge Computing
Carol Wilson, Editor-at-large, 10/17/2017
Is US Lurching Back to Monopoly Status?
Carol Wilson, Editor-at-large, 10/16/2017
Pai's FCC Raises Alarms at Competitive Carriers
Carol Wilson, Editor-at-large, 10/16/2017
'Brutal' Automation & the Looming Workforce Cull
Iain Morris, News Editor, 10/18/2017
Worried About Bandwidth for 4K? Here Comes 8K!
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 10/17/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed