Altice USA Q1 up 1.2%
May 10, 2018
Altice USA has reported results for first quarter ended March 31, 2018. The group saw revenue growth of 1.2 per cent YoY in Q1 to $2.33 billion.
Up to 400Mbps broadband speeds were available for 87 per cent of Altice USA customers by the end of Q1, including 97 per cent of the Optimum footprint, with 72 per cent of the Suddenlink footprint now able to receive up to 1 Gigabit speeds
Dexter Goei, Altice USA Chairman and Chief Executive Officer, said: “In the first quarter of 2018 we continued to see growth of our customer base, revenue, margins and cash flow driven by our significant investments to improve the customer experience. The upgrade and expansion of our network is supporting both the Residential and Business Services segments as we continue to launch new products and services. We successfully introduced Altice One across the Optimum footprint, reaching a milestone of more than 100k customers. We have now begun the rollout of Altice One across the Suddenlink footprint but, even in advance of this launch, Suddenlink saw a significant improvement in customer trends in the quarter. Growth has also been supported by our investment in a4, our newly formed advanced advertising and data business, and we are excited to explore new opportunities with new partners in this space.”