Altice USA, Inc. acquired Products & solutions business of Econocom in France and USA.
April 16, 2023
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Altice USA, Inc. (NYSE:ATUS) acquired Products & solutions business of Econocom in France and USA in first quarter of 2023. This business was classified as a discontinued operation in 2022 by Econocom and the disposal has no material impact on the Econocom's 2023 net profit and has a positive cash impact of around ?20 million.
Altice USA, Inc. (NYSE:ATUS) completed the acquisition of Products & solutions business of Econocom in France and USA in first quarter of 2023.
Altice USA, Inc. is a broadband communications and video services provider in the United States, delivering broadband, video, mobile, proprietary content and advertising services to residential and business customers across 21 states through its Optimum brand. The Company has presences primarily in the New York metropolitan area and various markets in the south-central United States through a fiber-rich hybrid-fiber coaxial broadband network and a fiber-to-the-home network. The Company offers news programming and advertising services. It operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. It offers hyper-local, national, international and business news through its News 12 and i24NEWS networks. It also offers managed services, including hosted private branch exchange, managed Wi-Fi and network security for small and medium-sized business customers.