Altice USA Completes Acquisition of Morris Broadband
07 April 2021 - 6:05AM
Business Wire
Altice USA (NYSE: ATUS) today announces that it has closed the
previously announced acquisition of the assets of Morris Broadband,
LLC (“Morris Broadband”).
Morris Broadband is a rapidly-growing broadband communications
services company providing high-speed data, video and voice
services to approximately 36,500 residential and business customers
in western North Carolina. The deal extends Altice USA’s footprint
in North Carolina, making it the sixth largest state for the
Company in terms of number of customers.
Altice USA CEO Dexter Goei says, “We are thrilled to welcome the
very fast-growing Morris Broadband business and look forward to
providing our Optimum-branded broadband, video, voice and news
offerings to tens of thousands of additional customers. As a
company, we take great pride in contributing to the communities
where our employees and customers live and work and, as we expand
our presence in North Carolina, we will invest in the technology
and infrastructure needed to ensure customers have the reliable
connectivity services they need to live their lives connected.”
In working through the transition of integrating Morris
Broadband into Altice USA and launching Optimum services, the
Company will communicate directly with current Morris Broadband
customers about how to continue to manage their accounts. Morris
Broadband customers are encouraged to review the Company’s suite of
products, including Internet services up to 1 Gig, by visiting
optimum.com/morris.
With this transaction, Altice USA will benefit from enhanced
scale, operating efficiencies and further investment support that
are at the core of the Company’s business model and strategy,
including accelerated new homes build.
About Altice USA
Altice USA 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 more than 5 million residential and business customers
across 21 states through its Optimum and Suddenlink brands. 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 and i24NEWS
networks.
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version on businesswire.com: https://www.businesswire.com/news/home/20210406006014/en/
Altice USA Investor Relations Nick Brown: +1 917 589 9983
/ nick.brown@alticeusa.com Cathy Yao: +1 347 668 8001 /
cathy.yao@alticeusa.com Altice USA Communications Lisa
Anselmo: +1 516 279 9461 / lisa.anselmo@alticeusa.com
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