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Broadband

Altice USA reduces capex and withdraws FY revenue guidance

Friday 1 May 2020 | 11:55 CET | News
Altice USA lifted revenues and reduced losses in a first marked by the coronavirus pandemic, boosted by best-ever residential customer relationships and broadband net additions. CEO Dexter Goei said the quarter, plus performance in April, has given the company confidence in its core cable business, especially in broadband, but warned the macroeconomic impact from the pandemic could affect operations going forward, particularly News and Advertising and the SMB businesses. Goei said visibility was reduced for revenue and EBITDA but that Altice USA remains confident in its ability to deliver

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Categories: Fixed
Companies: Altice Mobile / Optimum Mobile (Altice USA) / Suddenlink
Countries: United States
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