www.fiercetelecom.com Open in urlscan Pro
104.16.14.105  Public Scan

Form analysis
2 forms found in the DOM

GET /search-results

<form action="/search-results" method="get">
  <fieldset class="d-flex align-items-center position-relative input-search"><input type="text" placeholder="Search" name="fulltext_search" class="search-text w-100"><button class="search-submit d-flex align-items-center" id="header-search-submit"
      type="submit" aria-label="search"><svg aria-hidden="true" focusable="false" data-prefix="far" data-icon="search" class="svg-inline--fa fa-search fa-w-16" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512">
        <path fill="currentColor"
          d="M508.5 468.9L387.1 347.5c-2.3-2.3-5.3-3.5-8.5-3.5h-13.2c31.5-36.5 50.6-84 50.6-136C416 93.1 322.9 0 208 0S0 93.1 0 208s93.1 208 208 208c52 0 99.5-19.1 136-50.6v13.2c0 3.2 1.3 6.2 3.5 8.5l121.4 121.4c4.7 4.7 12.3 4.7 17 0l22.6-22.6c4.7-4.7 4.7-12.3 0-17zM208 368c-88.4 0-160-71.6-160-160S119.6 48 208 48s160 71.6 160 160-71.6 160-160 160z">
        </path>
      </svg></button><input type="hidden" placeholder="Search" name="dns" value="fiercevideo_com,fiercewireless_com,fiercetelecom_com,fierceelectronics_com"></fieldset>
</form>

GET /search-results

<form class="w-100" action="/search-results" method="get">
  <fieldset class="d-flex justify-content-between position-relative input-search"><input type="text" placeholder="Search" name="fulltext_search" class="search-text w-100"><button class="search-submit d-flex align-items-center" id="search-submit"
      type="submit" aria-label="search"><svg aria-hidden="true" focusable="false" data-prefix="far" data-icon="search" class="svg-inline--fa fa-search fa-w-16" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512">
        <path fill="currentColor"
          d="M508.5 468.9L387.1 347.5c-2.3-2.3-5.3-3.5-8.5-3.5h-13.2c31.5-36.5 50.6-84 50.6-136C416 93.1 322.9 0 208 0S0 93.1 0 208s93.1 208 208 208c52 0 99.5-19.1 136-50.6v13.2c0 3.2 1.3 6.2 3.5 8.5l121.4 121.4c4.7 4.7 12.3 4.7 17 0l22.6-22.6c4.7-4.7 4.7-12.3 0-17zM208 368c-88.4 0-160-71.6-160-160S119.6 48 208 48s160 71.6 160 160-71.6 160-160 160z">
        </path>
      </svg></button></fieldset>
</form>

Text Content

 * Fierce Wireless
 * Fierce Telecom
 * Fierce Electronics
 * Silverlinings
 * Wireless/Telecom Events
 * U.S. Broadband Summit

 * Advertise
 * About Us



 * Telecom
 * Broadband
 * AI

 * Resources
   
   * Industry Events
   * Whitepapers
   * Webinars
   * Survey
 * Events
   
   
 * Subscribe

Subscribe

 * Telecom
 * Broadband
 * AI

 * Resources
   
   * Industry Events
   * Whitepapers
   * Webinars
   * Survey
 * Events
   
   
 * Subscribe

 * Fierce Wireless
 * Fierce Telecom
 * Fierce Electronics
 * Silverlinings
 * Wireless/Telecom Events
 * U.S. Broadband Summit

 * Advertise
 * About Us


Breaking news: Fierce Innovation Awards: Telecom Edition 2023 Submissions are
open. Submit by Nov 10!

Broadband


ALTICE USA SHED 31K BROADBAND SUBS, FIBER BASE REACHES 295,000

By Masha AbarinovaNov 2, 2023 11:36am
Altice USAquarterly earningsfiber deploymentbroadband subscribers

Altice last quarter reduced its year-end passings target from 900,000 to 600,000
on account of an internal investigation. (Altice USA)

Altice USA continued to lose broadband customers in the third quarter, though
executives noted the losses improved from the year-ago quarter. It also touted a
record quarter for fiber net additions and an increase in multi-gig
availability.

Broadband net losses were 31,000, compared to 43,000 in Q3 2022. CEO Dennis
Mathew said Q3 marked the second quarter in a row with “improved” year on year
broadband net adds.







“The progress demonstrates that we are competing better in our markets,” he said
on the earnings call. “And we are particularly pleased that we are seeing our
win share improve against many competitors across our footprint.”



















Total broadband subscribers – including both residential and business customers
– reached 4.7 million.

Altice added 45,000 fiber customers in the quarter, increasing from 31,000 net
fiber adds in the year-ago period. Its overall fiber subscriber count is now
295,000.

On the expansion front, Altice added 61,000 fiber passings, bringing its total
to 2.7 million. It’s reached 561,000 fiber passings year to date, as it aims to
hit 600,000 new locations by the end of 2023.







The company last quarter reduced its year-end passings target from 900,000 to
600,000, announcing it will temporarily slow down fiber construction as it
conducts an internal investigation related to a corruption probe in Altice
Portugal.

That investigation is “substantially complete,” said CFO Marc Sirota.


RELATED

Altice USA broadband losses slow to 37K, fiber passings climb

“The investigation and its results are not expected to have a material financial
impact on our business,” he said, adding Altice is “redesigning many of [its]
processes and procedures relating to vendor onboarding performance and monitor.”







Altice in the quarter progressed in its 8-gig rollout, as the tier is now
available to all fiber passings in the Optimum East footprint, which encompasses
the New York tri-state area. Nearly half (47%) of the Optimum East territory had
access to multi-gig speeds at the end of Q3, the company noted.

Altice also touted multi-gig growth within its broadband base. Around 23% of
residential customers currently take 1-gig or higher speeds. The sell-in rate
for new customers taking those higher speed plans was 46% in Q3.

Starting next year, Altice plans to introduce new rate cards for both fiber and
HFC customers – a move Mathew said is “a more transparent approach to promo
roll-off and a speed gifting program that will bring faster speeds to
customers.”

With the new rate cards, Altice will “simplify [its] speed tier structure.” To
that end, Mathew said the company will begin to “retire low-end speed tiers in
various communities across our network,” though he didn’t elaborate on the
details.


METRICS

Consolidated revenue of $2.32 billion was down 3% year on year, with residential
revenue dipping 3.4% due to a loss of higher ARPU video customers. Business
Services revenue growth was flat (0.1%) YoY, while the News and Advertising unit
posted a revenue decline of 11%, when including political revenue.

Net income attributable to Altice shareholders was $67 million, down from $85
million in Q3 2022.

Altice USAquarterly earningsfiber deploymentbroadband subscribersgigabit
connectivity



RELATED ARTICLES

TDS bumps up 2023 fiber passings target to 200,000
Nov 3, 2023 11:40am
FCC seeks input on upgrading national broadband speeds
Nov 2, 2023 05:30pm
Cox, other ISPs score $274M in ReConnect funding
Nov 2, 2023 01:05pm
Altice USA shed 31K broadband subs, fiber base reaches 295,000
Nov 2, 2023 11:36am
See more articles
 * Connect
   
   * The Team
   * Advertise
 * Join Us
   
   * Newsletters
   * Resources
 * Our Brands
   
   * Fierce Electronics
   * Fierce Telecom
   * Fierce Wireless
   * StreamTV Insider
 * Our Events
   
   * Electronics
   * Entertainment
   * Wireless & Telecom

©2023 Questex LLC All rights reserved.
Terms of use
Privacy Policy



Close

In order to deliver a personalized and enhanced site navigation, we store
information on how you use the site. By continuing to use this site and access
its features, you are consenting to our use of cookies. For more information,
please see the Questex Privacy Policy.