Altice USA
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Altice USA (at time of photo Cablevision) headquarters at the former Grumman campus in Bethpage, New York. Altice plans on moving to One Court Square in Queens. | |
| Public Subsidiary | |
| Traded as | NYSE: ATUS |
| Industry |
Telecommunications Mass media |
| Predecessor | Cablevision |
| Founded | June 21, 2016 |
| Headquarters | Bethpage, NY, United States |
Key people |
Dexter Goei (Chairman and Chief Executive Officer) Charles F. Stewart (Co-President and Chief Financial Officer) Hakim Boubazine (Co-President and Chief Operating Officer) |
| Products |
Cable (Internet) (VoIP Phone) (Business) |
| Brands |
Optimum TV (Television) Optimum Online (Internet) Optimum Voice (VoIP Phone) Lightpath (Business) News 12 News 12 Varsity |
| Parent |
Altice (70.3% equity; 98.3% voting rights) Public (30.7%)[1] |
| Subsidiaries |
Newsday, LLC: 25% Suddenlink Communications |
| Website |
www |
Altice USA is an American cable television provider/multiple system operator based in New York City, with systems throughout the New York metro area, and in 16 other states through currently independent subsidiary Suddenlink Communications. The company is majority-owned by Altice NV, and Excluding Suddenlink, is the fifth-largest cable provider[2] and ninth-largest television provider in the United States, with most customers residing in New York, New Jersey, Connecticut, and parts of Pennsylvania.[3] Altice USA also offers high-speed Internet connections (Optimum Online), digital cable (Optimum TV), and Voice over IP (Optimum Voice) phone service (the eighth-largest telephone provider in the U.S.)[4] through its Optimum brand name; as well as fiber-optic business class data and voice services across the New York area under the Lightpath brand. Altice USA is the successor to Cablevision Systems Corporation, and remains based at Cablevision's former headquarters in Bethpage, New York, which will become the operational headquarters for the company when its main headquarters is moved to One Court Square in Long Island City, Queens.
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.
Other properties
- Newsday and amNewYork (25% share, Dolan Family is the majority owner.)
- News 12 Varsity, part of Cablevision Local Media, which includes Newsday[5]
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[6] 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.[7] 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.[8] 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.
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 channel expired on December 31, 2016. On December 28 the two sides reached an agreement, three days before their contract with AMC expired.[9]
See also
References
- ↑ http://deadline.com/2017/06/altice-usa-ipo-could-raise-1-85b-existing-holders-increase-sale-plans-1202117867/
- ↑ Multiple-system operator
- ↑ "Top 25 Multichannel Video Programming Distributors". NCTA.com. Archived from the original on 2006-05-21. Retrieved 2010-03-17.
- ↑ Leichtman Research Group, "Research Notes," First quarter 2012, pg. 6, Cablevision (#8) with 2,357,000 residential phone lines.
- ↑
- ↑ "Altice and Cablevision, WC Docket 15-257". Federal Communications Commission. 2015-12-04. Retrieved 2016-06-22.
- ↑ "Altice Completes Acquisition of Cablevision Systems Corporation" (PDF). Altice NV. June 21, 2016.
- ↑ Emily Steel; Mark Scott (September 17, 2015). "Expanding in U.S., Altice Plans to Buy Cablevision for $17.7 Billion". The New York Times. The New York Times Company. Retrieved September 17, 2015.
- ↑ "Altice USA, AMC Networks Reach Carriage Deal | Multichannel". www.multichannel.com. Retrieved 2017-01-01.