ATUS Quick Hit: Price Changes Are a Step in the Right Direction
Press reports indicate that Altice will increase the “network enhancement fee” levied on all broadband subscribers. At the same time, they are cutting rack rates for all tiers of the broadband product. The fee increase will provide a small boost to ARPU in 2024. The reduction in rack rate pricing is big; however, we don’t think they will materially impact ARPU.Altice USA is a holding company. Through its subsidiaries, the company provides broadband communications and video services and markets its services primarily under two brands: Optimum, in the New York metropolitan area, and Suddenlink, principally in markets in the south-central United States. The company delivers broadband, video, and telephony services to the residential and business customers. The company also provides fiber connectivity, bandwidth and managed services to enterprise customers through its Lightpath business (also marketed as Altice Business) and the company provides advertising time and services to advertisers. The company has launched Altice Mobile, a mobile offering, to consumers across its footprint.
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