Claude Solnik August 6, 2018
Altice USA says it is “progressing well” in its roll out of fiber to customers, after initially going slower than it hoped due to regulations.
Altice USA CEO Dexter Goei in a call with analysts said the firm is rolling out fiber after a “permitting process that took longer than we expected.”
“But we’re now nicely rolling out fiber-to-the-home in the Optimum footprint,” Goei said. “We have over 400,000 cabled homes today and over 120,000 ready-for-service homes.”
Goei said Altice USA “will continue to accelerate those nicely throughout the rest of this year and into 2019.”
The firm, he said, has “beta tested amongst a small subset of our employees and have already soft launched it in certain areas.”
“So we are on track for launching a commercial offering in Q3,” he said.
The commercial offering would be 1-gig up 2.4 gigs a day based on the modems’ capacity with the ability to increase to up to 10 gigs, if Altice USA chose.
“This is a very flexible architecture for us, and so we can be 10-gig-ready if we want to make that investment or to the necessity of our clients very shortly,” he said.
He believes this could give Altice USA additional resources in its competition with Verizon, which touts its fiber network.
“I think with the continued roll-out of fiber-to-the-home we’re going to have opportunities to push more penetration and potentially take market share back in places where we have competitive areas,” Goie said. “Clearly, given what we’re seeing from a data usage standpoint and speed upgrades standpoint, we’re going to continue to have momentum.”
Verizon and FiOS sought to capitalize on Altice USA’s temporary feud with Starz, just as Altice tried to do when FiOS faced contract troubles with Univision.
“There are some times when they are super-promotional for very short periods of time, as we may be in certain cases, also very focused,” Goei added. “I think both of our organizations are very focused on retention of our customers.”
He said that Altice USA met its regulatory commitments regarding upgrading the network 12 months before the deadline.
“We did everything to do with low-income broadband ahead of schedule,” Goei said. “And we have some new build commitments, which we are clearly ahead of schedule on as well.”
https://libn.com/2018/08/06/altice-usa-progressing-well-in-fiber-roll-out/
7 replies (most recent on top)
Who will be king VS or Altice when they start Fttp.
node+1 is NOT ftth
Harthorne shop better get there act together leaving customers out for days and SRO’S off the roof.
It would be great if he would see for himself how much fiber will need to be redone. Last figures are around 20%. We have just 2 lashers. So fiber looks like christmas lights hanging with zip ties. Great job, good luck when it all lights up. An im not hating on these guys . They really are busting their a$$es. Just not given a fighting chance for success.
Boy, that CEO loves to lie like no other; I wished investors would fact check his comments and check his work because that dude is a strait liar.
Hahahahahahahahahahahahahahaha!!!!!!
Your Welcome!