Altice USA Loses 50,000 Broadband Subscribers in Q3
Larger cable companies had reported fewer than expected losses.
WASHINGTON, Nov. 4, 2024 – Altice USA reported net broadband subscriber losses of 50,000 in the third quarter on Monday, with 10,000 of those coming from the shuttered Affordable Connectivity Program.
In line with analyst expectations, the losses were about even with what the company saw last quarter and down from nearly 31,000 lost subscribers in the same period last year.
The company managed to add 47,000 fiber subscribers though, for a total of 482,000. The majority of those were existing customers whom Altice migrated to fiber as it continues to upgrade its infrastructure.
