Altice USA

News Summary:

On September 17, 2026, the New Jersey Board of Public Utilities approved a stipulation resolving an investigation into Altice USA's service quality, which began in February 2021 following numerous customer complaints. Under the agreement, Altice committed to invest $11 million in its New Jersey hybrid fiber optic-coaxial network in 2023, file network maintenance and emergency response plans within 90 and 60 days respectively, provide biannual community updates, and meet customer service standards including answering 90% of calls within 30 seconds for three years. Earlier the same day, Altice USA announced its third quarter 2025 financial results, reporting record gross margin performance and achieving over 700,000 fiber customers, while reaffirming its full-year Adjusted EBITDA outlook despite facing softer broadband subscriber trends. Also on September 17, 2026, the company reported strong financial performance in 2024, with revenue increasing by 9.1% and Adjusted EBITDA by 10.3%, alongside growth in both residential and business customers. The New Jersey Supreme Court, on that same date, reversed an Appellate Division's judgment, ruling that Section 543(a)(1) of the Cable Act does not preempt a state consumer protection regulation (N.J.A.C. 14:18-3.8) that prevents cable companies from charging for canceled service, and reinstated the BPU's cease-and-desist order. Separately on September 17, 2026, Altice USA priced its initial public offering of 63,943,029 shares of Class A common stock at $30.00 per share.