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ATUS News
ATUS Events
Optimum initiates antitrust lawsuit against Apollo and Ares Management, according to WSJ
Optimum Communications (ATUS) has filed an antitrust lawsuit against a group of investors, including Apollo Global (APO) and Ares Management (ARES), accusing them of working together to shut the telecommunications company out of the U.S. credit market, Alexander Gladstone and Becky Yerak of The Wall Street Journal reported. In the complaint, filed in federal court in New York, Optimum claims that eight of its lenders formed an "illegal cartel" in 2024 that blocked the company from buying back its own debt at market prices.
Altice USA Rebrands as Optimum Communications
Altice USA announced that it will change its corporate name to Optimum Communications, effective November 7. The company will cease trading under NYSE ticker symbol (ATUS) and begin trading under the new symbol (OPTU) on November 19.
Altice USA Announces Q3 Earnings Per Share of $3.47 Compared to a Loss of 9 Cents Last Year
Reports Q3 revenue $2.11B, consensus $2.13B. Dennis Mathew, Altice USA Chairman and Chief Executive Officer, said: "In the third quarter, we delivered record gross margin performance and improved operational efficiencies, reaffirmed our full-year Adjusted EBITDA outlook, continued to elevate our customer and network experience, and achieved a milestone of over 700 thousand fiber customers. At the same time, we faced intense competition and a sustained low-growth environment, which resulted in softer broadband subscriber trends. Looking ahead, we are sharpening our go-to-market and base management strategies to strengthen our broadband performance and improve our revenue trajectory in this highly competitive landscape. We remain unwavering in our discipline and focus as we continue to build a more resilient business, positioned for sustainable, long-term growth and enhanced value for our shareholders."
Adeia Signs Long-Term IP Licensing Deal with Altice USA
Adeia (ADEA) announced it has signed a long-term intellectual property, or IP, license agreement with Altice USA (ATUS), offering products and services nationwide as Optimum, one of the largest broadband and video service providers in the United States. This agreement supports Optimum's services, including internet services, as well as cable television and over-the-top streaming platforms, ensuring subscribers enjoy advanced content discovery and navigation experiences. This agreement also resolves all of the outstanding litigation between the companies. This agreement supports Optimum in delivering rich and user-friendly entertainment experiences supported by Adeia's portfolio of patented innovations in content discovery, search and personalization. Adeia's extensive IP portfolio enables service providers like Optimum to offer cutting-edge features such as advanced content recommendations, voice search and personalized viewing experiences. This agreement ensures Optimum can continue to deliver high-quality, user-friendly entertainment options to its diverse customer base.
Amdocs Enters into Long-Term Partnership with Optimum
Amdocs (DOX) announced that Optimum (ATUS) signed a multi-year agreement to extend and deepen its managed transformation initiative using Amdocs' AI offerings. This collaboration enhances Optimum's ongoing journey with Amdocs by delivering new customer and business outcomes enabled by amAIz Suite-Amdocs' modular, telco-grade AI platform that unifies data, delivers insights, and powers intelligent agents tailored for the communications industry. Under this agreement, the teams have started working on solutions that include: AI-powered Bill Presenter, designed to offer more intuitive, interactive billing experiences that improve customer understanding and reduce support calls. GenAI Care Agent, supporting customer care representatives with inquiries such as plan changes, promotions, balances, fees, and more.
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