Altice USA Concludes Its Review of Strategic Alternatives for Suddenlink Business
NEW YORK--(BUSINESS WIRE)-- Altice USA, Inc. (NYSE: ATUS) announces today that it has concluded its previously announced review of strategic alternatives for its Suddenlink business.
The Company releases the following statement:
“Over the course of the past several months, the Company has been considering options for, including the potential sale of, its Suddenlink business. Following this evaluation, the Board of Directors has unanimously determined that continuing to operate Suddenlink and pursuing the Company’s long-term business plan represents the best path forward for Altice USA and its stockholders.”
About Altice USA
Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to nearly 5.0 million residential and business customers across 21 states through its Optimum brand. The Company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar News and i24NEWS networks.
Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this release, including, without limitation, those regarding our intentions, beliefs or current expectations concerning, among other things: our future financial conditions and performance, our long-term strategy and business plans, market conditions, industry developments and potential strategic opportunities. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “represents”, “forward”, "will", or “continue”, or other variations or comparable terminology. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. To the extent that statements in this release are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including risks referred to in our most recently filed Annual Report on Form 10-K and in our most recently filed Quarterly Report on Form 10-Q. You are cautioned to not place undue reliance on Altice USA’s forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made. Altice USA specifically disclaims any obligation to publicly update or revise any forward-looking statement, as of any future date.
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Source: Altice USA
Released December 1, 2022