History
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] 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].
