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Optimum Communications

From Wikipedia, the free encyclopedia
(Redirected from Optimum Lightpath)

Optimum Communications, Inc.
TypePublic
NYSE: OPTU
Industry
Predecessors
FoundedJune 21, 2016; 10 years ago (2016-06-21)
Headquarters
One Court Square
Long Island City, New York
,
U.S.
Key people
Products
  • Cable
  • (Internet)
  • (VoIP Phone)
  • (Business)
Brands
RevenueDecrease US$8.95 billion (2024)
Decrease US$1.68 billion (2024)
Decrease −US$103 million (2024)
Total assetsDecrease US$31.7 billion (2024)
Total equityDecrease −US$469 million (2024)
Number of employees
10,900 (2024)
ParentAltice (2016–2018)
Websiteoptimum.com
Footnotes
[1]

Optimum Communications, Inc. (previously Altice USA) is an American telecommunications provider owned by French–Israeli businessman Patrick Drahi. The company primarily provides digital cable television and broadband services in the New York metropolitan area as well as in several Midwestern and Southern U.S. states.[2] With approximately 4.9 million residential and business customers in 21 U.S. states as of 2017[3][needs update] it is the fourth-largest telecommunications company in the United States. Optimum is based at One Court Square in Long Island City, Queens, New York City. The company's operational center is located at Cablevision's former headquarters in Bethpage, Nassau County, New York, on Long Island.

The company was formed via the acquisitions of Suddenlink Communications and Cablevision by Drahi's Altice in 2016. In 2017, the subsidiary went public on the New York Stock Exchange, and in 2018 was spun off from Altice as an independent company, although it still remains controlled by Drahi.

The company operates cable television and broadband services under the brand Optimum, which originated from Cablevision; the brand was extended to Suddenlink's systems in 2022, and became Altice USA's corporate name in 2025.

Products and services

[edit]
  • Optimum Online, a DOCSIS Internet service that offers speeds up to 940 Mbit/s. As of April 2020, a Fiber-to-the home service has been available to more than half of its service footprint.[4]
    • Subscribers also get access to Optimum Wi-Fi hotspots that are located within its service area. Additionally, they may also connect to hotspots provided by Charter Spectrum, Comcast, and Cox nationwide.
  • Optimum Voice, a Voice over IP (VoIP) telephone service
  • Optimum TV, a digital cable service
  • Optimum Mobile, a wireless network offering unlimited text, talk, and data over a 4G LTE nationwide network;[5]

Other properties

[edit]
  • Optimum Business, built of the former Lightpath and Suddenlink Business organizations,[6]), an internet, telephone, and television service for businesses. Optimum Business is currently available in 21 states and serves more than 375,000 businesses.[7]
  • News 12 Networks, a group of cable networks that provide news, weather, traffic and sports to cable subscribers in the New York/New Jersey/Connecticut tri-state area through seven individual 24-hour local news channels and five traffic and weather channels.[8]
  • News 12 Varsity, A high school sports network dedicated to providing live games of local varsity games.[9]
  • Audience Partners, a provider of audience-based digital advertising solutions, which Altice USA acquired in March 2017.[10]
  • Cheddar, a live-streaming financial news network, which was acquired in 2019 and sold to media company Archetype in 2023.[11]

History

[edit]

On May 20, 2015, Netherlands-based French company Altice NV announced that it would enter the U.S. cable market by purchasing Suddenlink Communications, the country's 7th-largest cable provider, for $9.1 billion.[12] The acquisition closed on December 21, 2015.[13]

On September 17, 2015, 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[14] 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.[15] 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.[16]

In November 2016, Altice USA announced a five-year plan for fiber-to-the-home service to build a network capable of delivering 10 Gbit/s broadband speed.[17] In August 2017, the company stated it was on track to reach one million homes by the end of 2018.[18]

In May 2017, Altice USA announced its intention to rebrand its Suddenlink and Cablevision properties under the Altice name by the end of the second quarter of 2018.[19]

In June 2017, Altice USA went public on the New York Stock Exchange, raising $2.2 billion in its initial public offering.[20]

On January 8, 2018, Altice NV announced that it will spin-off Altice USA into a separate company. Patrick Drahi will maintain control of both companies, although they will be led by separate management teams.[21]

On April 30, 2019, it was announced Altice USA was buying Cheddar for $200 million in cash.[22]

On February 14, 2020, Altice USA announced that it had bought Service Electric in New Jersey.[23][24] The deal closed in July.[25]

On March 1, 2021, Altice USA announced that it would acquire Morris Broadband in North Carolina for $310 million which was later closed on April 6, 2021. Altice later announced that Morris Broadband would be folded into Optimum.[26][27][non-primary source needed] In April 2022, Altice USA announced that Suddenlink would be brought under the Optimum brand as part of its "Let's Reconnect" marketing campaign and FTTH deployments.[28]

On November 6, 2025, Altice USA announced that it would change its name to Optimum Communications effective November 19, unifying it with its service brand.[29]

Markets

[edit]

The company provides service in 21 states:[30][31]

  • Arizona
  • Arkansas
  • California
  • Connecticut
  • Idaho
  • Kansas
  • Kentucky
  • Louisiana
  • Mississippi
  • Missouri
  • Nevada
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Texas
  • Virginia
  • West Virginia

Carriage disputes

[edit]

AMC Networks dispute

[edit]

Altice engaged in a carriage dispute with the Dolan family (the former owners of Cablevision). Altice's contract to carry AMC Networks group of channels was to expire on December 31, 2016. On December 28 the two sides reached an agreement, three days before their contract with AMC expired.[32]

The Walt Disney Company dispute

[edit]

Altice engaged in a dispute with The Walt Disney Company; the contract to carry the company's channels was set to expire on October 1, 2017.[33]

On October 1, 2017, Disney and Altice reached a last-minute agreement to continue carrying the company's channels; this narrowly averted what would have been a blackout of ABC-owned stations WABC-TV and WPVI-TV, along with the ESPN family of networks and various other channels.[34] As part of the agreement, ESPN Classic was removed from the Altice lineup.

Starz dispute

[edit]

On January 1, 2018, Altice dropped Starz, Starz Encore, and all of their channels from its channel lineup. The dispute came after the companies were unable to reach an agreement.[35] The dispute ended on February 13, 2018, after both companies reached a new multi-year agreement.[36]

21st Century Fox dispute

[edit]

On September 22, 2018, 21st Century Fox announced that all of its entertainment and sports channels, including Fox owned-and-operated station WNYW and MyNetworkTV O&O WWOR-TV, would be removed from Altice on October 1 if a new retransmission agreement was not reached by that date.[37]

See also

[edit]

References

[edit]
  1. ↑ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 13, 2025.
  2. ↑ "U.S. FCC approves Altice acquisition of cable firm Suddenlink". Reuters. December 18, 2015. Retrieved September 28, 2017.
  3. ↑ "Altice USA CEO Goei Thinks Ahead to M&A on First Day of Trading". Bloomberg News. June 21, 2017. Retrieved September 28, 2017.
  4. ↑ "One Gigabit Broadband Speeds Now Available to Millions of Optimum Customers Across New York, New Jersey, and Connecticut". Altice USA. April 30, 2020. Retrieved August 2, 2020.
  5. ↑ Farrell, Mike (September 5, 2019). "Altice USA Launches Wireless Service". NextTV. Retrieved November 6, 2021.
  6. ↑ "Altice USA Forms Business Unit". NextTV. Retrieved November 6, 2021.
  7. ↑ "About Us: Ethernet Services & Solutions Provider - Lightpath". golightpath.com.
  8. ↑ "Patrick Dolan and Altice USA Enter into Agreement for Newsday Media Group". Businesswire.com. July 7, 2016. Retrieved November 12, 2017.
  9. ↑ "Cablevision". February 16, 2010. Archived from the original on February 16, 2010.
  10. ↑ "Cable giant buys Philly ad targeter Audience Partners". Philadelphia Daily News. March 8, 2017. Retrieved November 5, 2017.
  11. ↑ "Cheddar News Has New Owners". December 28, 2023.
  12. ↑ "Altice enters U.S. cable market with Suddenlink move". Reuters. May 20, 2015. Retrieved November 7, 2017.
  13. ↑ "Altice Closes Suddenlink Deal". NextTV. December 21, 2015. Retrieved November 6, 2021.
  14. ↑ "Altice and Cablevision, WC Docket 15-257". Federal Communications Commission. December 4, 2015. Retrieved June 22, 2016.
  15. ↑ "Altice Completes Acquisition of Cablevision Systems Corporation" (PDF). Altice NV. June 21, 2016.
  16. ↑ Emily Steel; Mark Scott (September 17, 2015). "Expanding in U.S., Altice Plans to Buy Cablevision for $17.7 Billion". The New York Times. Retrieved September 17, 2015.
  17. ↑ "Altice USA to Skip DOCSIS 3.1, Roll Out All-Fiber Network". NextTV. November 30, 2016. Retrieved November 6, 2021.
  18. ↑ "Altice says it will reach 1M new homes with fiber by end of 2018 | FierceCable". www.fiercecable.com. Retrieved October 2, 2017.
  19. ↑ "Suddenlink and Optimum brands to disappear amid Altice rebrand". Fierce Cable. May 24, 2017. Retrieved October 10, 2017.
  20. ↑ "Altice USA IPO raised $2.2 billion in final tally". News Day. June 27, 2017. Archived from the original on July 8, 2017. Retrieved November 2, 2017.
  21. ↑ Rosemain, Mathieu; Athavaley, Anjali (January 8, 2018). "Drahi hits Altice reset button to court wary investors". Reuters. Retrieved January 11, 2018.
  22. ↑ "Altice USA Buys Digital News Service Cheddar for $200M". The Hollywood Reporter. April 30, 2019.
  23. ↑ Farrell, Mike (February 12, 2020). "Altice to Buy Service Electric New Jersey Systems for $150M". NextTV News. Retrieved November 6, 2021.
  24. ↑ "Service Electric to be acquired by NYC-based Altice cable". Archived from the original on July 19, 2020. Retrieved July 31, 2020.
  25. ↑ "Goodbye Service Electric: Altice USA closes acquisition of utility".
  26. ↑ "Altice USA to Acquire Morris Broadband". Altice USA. March 1, 2021. Retrieved November 12, 2021.
  27. ↑ "Altice USA Completes Acquisition of Morris Broadband". Altice USA. April 6, 2021. Retrieved November 12, 2021.
  28. ↑ "Suddenlink rebranding as 'Optimum' amid fiber upgrades". Archived from the original on August 18, 2025. Retrieved January 5, 2026.
  29. ↑ Weprin, Alex (November 6, 2025). "Altice Changes Corporate Name to Optimum Communications". The Hollywood Reporter. Retrieved November 12, 2025.
  30. ↑ Anders, David (April 21, 2022). "Need Home Internet Service? Find the Internet Providers in Your Area". CNET. Red Ventures. Retrieved May 5, 2022.
  31. ↑ Anders, David (April 30, 2022). "Optimum Internet Review: Good When It Wants to Be". CNET. Red Ventures. Retrieved May 5, 2022.
  32. ↑ "Altice USA, AMC Networks Reach Carriage Deal". NextTV. December 29, 2016. Retrieved January 1, 2017.
  33. ↑ Renshaw, Jarrett (September 24, 2017). "Walt Disney threatens to pull ESPN, ABC from Optimum". Reuters. Retrieved November 16, 2020.
  34. ↑ Faber, David [@davidfaber] (October 1, 2017). "Disney and Altice say have reached an agreement in principle and have extended deadline to finalize terms for new carriage deal" (Tweet) – via Twitter.
  35. ↑ "Starz goes dark on Altice in first big carriage battle of 2018 - FierceCable". www.fiercecable.com.
  36. ↑ "ALTICE USA AND STARZ ANNOUNCE MULTI-YEAR CARRIAGE AGREEMENT" (PDF). Altice USA. February 13, 2018. Retrieved June 6, 2023.
  37. ↑ Littleton, Cynthia (September 22, 2018). "Fox Networks Group, Altice USA Rattle Sabers in New York Carriage Fight". Variety. Retrieved September 28, 2018.
[edit]
  • Official website
  • Business data for Optimum Communications:
Retrieved from "https://en.wikipedia.org/w/index.php?title=Optimum_Communications&oldid=1365561170"