Altice USA residential video RGUs down 44k in 4Q 2019

Wednesday, February 12th, 2020
Altice USA logo

NEW YORK — Altice USA (NYSE: ATUS) today reports results for the fourth quarter and full year ended December 31, 2019.

Customer Metrics (in thousands)
Total Unique Customer Relationships – Residential Customers

         Q1-18    Q2-18    Q3-18    Q4-18
       -------  -------  -------  -------
Video  3,352.2  3,328.0  3,300.3  3,286.1

                                               Net increase
         Q1-19    Q2-19    Q3-19    Q4-19    Q4-19   YTD-19
       -------  -------  -------  -------  -------  -------
Video  3,276.1  3,255.3  3,223.4  3,179.2   (44.2)  (106.9)

The company had Residential Video RGU quarterly net losses of -44k in Q4 2019 (vs. -14.2kin Q4 2018), leading to a decline of 3.3% YoY for FY 2019 (versus -2.9% YoY video RGUs in FY 2018).

Agreement to Acquire Assets of Regional Cable Operator Service Electric

Altice USA today announces that it has reached an agreement to acquire substantially all the assets of regional cable operator Service Electric Cable T.V. of New Jersey, Inc., for $150 million in cash, subject to certain closing adjustments and closing conditions. With this acquisition, Altice USA will extend its footprint into neighboring communities to provide its high-quality broadband, video, mobile, and news offerings to thousands of additional homes and businesses in New Jersey. The transaction is expected to close by the third quarter of 2020, subject to receipt of regulatory approval and the satisfaction of necessary closing conditions.