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OPTU News
OPTU Events
Optimum Completes $6M Investment to Strengthen Lubbock Network
Optimum announced the completion of a $6M investment to strengthen its network in Lubbock. As part of this investment, Optimum built an approximately 100-mile fiber ring that powers its local network. This upgrade enhances performance across the city, supporting residential neighborhoods, small businesses, fire stations, and essential public facilities with greater speed, reliability, and resilience.
Spectrum and Optimum Sign Strategic Agreement to Expand Local News Access
Spectrum (CHTR) and Optimum (OPTU) announced a new strategic agreement that expands access to trusted local news for television customers while strengthening advertising capabilities across key markets. Together, the companies are building on their shared commitment to delivering greater value for customers, advertisers and the communities they serve. The agreement restores Spectrum News NY1 to Optimum TV customers and News 12 to Spectrum TV customers across the New York metropolitan area in September, ensuring viewers have access to two of the region's most trusted local news brands. The agreement also will introduce Spectrum News to Optimum TV customers in Texas and North Carolina soon. Customers will gain access to Spectrum News' award-winning local news networks, providing around-the-clock local news, weather, breaking news and community coverage.
OPTU Stock Borrow Rate Increases to 140.21%
Latest data shows the largest indicative borrow rate increases among liquid option names include: OPTU Stock (OPTU) 140.21% +110.39, Defiance Daily Target 2X Long RGTI ETF (RGTX) 29.16% +1.63, REalloys Inc (ALOY) 32.68% +1.48, Faraday Future Intelligent Electric Inc (FFAI) 11.63% +1.02, GraniteShares 2x Short SpaceX Daily ETF (SNK) 78.78% +0.73, T-REX 2X INVERSE MSTR DAILY TARGET (MSTZ) 16.52% +0.52, FAS (FAS) 1.51% +0.48, DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX) 17.04% +0.39, Mizuho Financial Group (MFG) 1.69% +0.33, and Defiance Daily Target 2X Long RKLB ETF (RKLX) 14.61% +0.33.
OPTU Stock Borrow Rate Increases to 144.91%
Latest data shows the largest indicative borrow rate increases among liquid option names include: OPTU Stock (OPTU) 144.91% +33.43, Aries I Acquisition Corp (RAM) 17.15% +2.22, Starfighters Space, Inc. (FJET) 80.00% +2.18, Defiance Daily Target 2X Long RGTI ETF (RGTX) 29.14% +1.81, Tidal Trust II (IRE) 23.33% +1.63, Leverage Shares 2X Long SPCX Daily ETF (SPCH) 41.09% +1.53, Securitize Corp. (SECZ) 4.86% +1.05, Serve Robotics Inc (SERV) 7.97% +0.63, Mesoblast (MESO) 9.79% +0.57, and Chain Bridge I (CBRG) 22.02% +0.49.
CSC Investments II Completes Optimum Stock Buyback, Purchasing 120 Million Shares
CSC Investments II announced the final results of its tender offer, which expired at 5:00 p.m., New York City time, on June 30. Based on the final count by Equiniti Trust Company, the depositary for the tender offer, a total of 246,605,915 shares of Optimum's Class A Common Stock, par value $0.01 per share, were validly tendered and not validly withdrawn at the purchase price of $2.50 per Share. In accordance with the terms and conditions of the tender offer, CSC Investments II accepted for purchase a total of 120,000,000 Shares, representing 42.5% of the Shares issued and outstanding as of June 30 at the purchase price of $2.50 per Share, for an aggregate purchase price of $300,000,000, excluding fees and expenses relating to the tender offer.
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