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Optimum Communications, Inc.

Optimum Communications, Inc., together with its subsidiaries, provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands. It provides broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and video programming services. It also provides voice over Internet protocol telephone services; local, regional, and long-distance calling services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services, including wide area networking and dedicated data access, and advanced services comprising wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides hosted private branch exchange, technical support, network solutions, security and network access and equipment for SMB customers, and international calling and toll-free numbers services. Additionally, the company offers audience-based and multiscreen advertising solutions; news programming services; and data analytics, as well as operates news channels under the News 12 Networks names. Optimum Communications, Inc. was formerly known as Altice USA, Inc. and change its name to Optimum Communications, Inc. in November 2025. The company was incorporated in 2015 and is headquartered in Long Island City, New York.

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Optimum Communications Fair Value Trimmed to US$1.06

Optimum Communications has had its fair value estimate reduced from US$1.19 to US$1.06, bringing model pricing closer to where the stock has been trading. BNP Paribas upgraded the stock to Neutral from Underperform, signaling a less cautious stance, while at least one analyst maintains a Sell rating with a US$0.50 price target. The revised fair value reflects an expected revenue decline easing from roughly 3.54% to about 3.10%, a net profit margin moving from 10.31% to about 10.40%, and a future P/E multiple shifting from about 1.07x to roughly 0.42x. The discount rate has moved from 12.46% to 12.54%.
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Charter and Optimum Form Alliance to Expand Local News Access

Charter Communications and Optimum have formed a new alliance to restore and expand local news access across key U.S. markets. The agreement brings back reciprocal carriage of Spectrum News NY1 and News 12 in the New York area, and Spectrum News will be introduced in additional regions including parts of Texas and North Carolina. The partnership also creates a larger combined footprint for advertisers seeking local audiences across these markets. Charter operates as a broadband connectivity company in the US, and the alliance is expected to make its broadband and TV offerings more useful for households and advertisers.
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Curreen Capital Profits From Optimum Communications Tender Offer Arbitrage

Curreen Capital disclosed a profitable tender offer arbitrage in Optimum Communications during its second-quarter 2026 investor letter. The fund bought shares at an average of $1.131 after Optimum, formerly Altice USA, offered to repurchase about 40% of its stock at $2.50 per share. Curreen Capital viewed the tender as a move by Patrick Drahi to consolidate control ahead of a likely financial restructuring. The company ultimately accepted about 48.6% of the fund's shares at $2.50, and Curreen sold the remainder at $1.28, realizing overall proceeds of $1.873 per share. The position represented roughly 3% of the fund, which returned 22.26% for the quarter versus 15.20% for the S&P 500 Index.
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Optimum Communications outlines restructuring, T-Mobile deal, and market exits in Q2 2026 call

Optimum Communications reported expanded gross and adjusted EBITDA margins in the second quarter of 2026, driven by cost management and a simplified go-to-market strategy, while revenue faced pressure from broadband subscriber losses. The company announced a new multiyear agreement with T-Mobile to expand its mobile addressable market into wearables and connected devices, and disclosed plans to exit low-density markets, including the decommissioning of 48,000 passings in the West footprint. Full-year 2026 revenue is expected to decline mid-single digits and adjusted EBITDA low-to-mid single digits, with capital expenditure targeted between $1.2 billion and $1.5 billion. Optimum is pursuing a consensual restructuring of CSC Holdings debt to address 2027 maturities, and completed a $300 million tender offer repurchasing 120 million Class A shares. The company also divested a noncore advertising agency that generated approximately $100 million in 2025 revenue.
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AT&T Q1 revenue beats estimates but stock falls 13.7%

AT&T reported first-quarter revenues of $31.51 billion, up 2.9% year on year and exceeding analyst expectations by 0.9%, though the stock has since declined 13.7% to $22.33. Among the seven consumer discretionary wireless, cable and satellite stocks tracked, Comcast posted the strongest quarter with revenues of $31.46 billion, up 10.9% and beating estimates by 3.4%, yet its shares fell 23.2%. Optimum Communications was the weakest, with revenues down 4% to $2.07 billion and significant misses on operating income and EPS, though its stock rose 12%. Charter Communications saw revenues slip 1% to $13.6 billion and missed EPS and operating income estimates, sending shares down 45.3%, while Verizon's revenues grew 2.9% to $34.44 billion but missed expectations by 1.5%, with the stock down 1.9%.
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