Altice USA, the fourth-biggest U.S. cable operator, lost about 33,000 video subscribers in the third quarter of 2017, an improvement from the 40,000 customers it lost a year ago.
Altice ended the period with about 3.4 million TV subscribers. The cable operator increased revenue by 3.2 percent to $2.3 billion. Broadband subscribers increased by 16,000 for the quarter, slightly down from the 17,000 for the same period in 2016.
“Altice USA continued to build momentum in the third quarter and delivered strong results while advancing our strategy of offering a more robust and differentiated product portfolio to meet customers’ needs,” Altice USA CEO Dexter Goei comments in a statement. “We remain focused on investing in innovation, superior service, and a reliable network, as demonstrated by the launch of Altice One, which is just the beginning of a new, better, and simple experience for our customers. We have a leadership position regarding the connected home and we are delivering on its potential.”
In conjunction with its third quarter earnings, Altice unveiled its new cloud-based platform ‘Altice One,’ which is a compact home hub that replaces the traditional cable box, modem, and router.
On an earnings call with investors Thursday Goei said Altice One will be “perfect for aggregating OTT content” within Altice’s pay-TV bundles, noting the company is already partnering with many new premium players, and not just traditional players.
Altice said earlier this year that it’s moving along with its fiber-to-the-home network rollout and is on track to deploy fiber to pass 1 million newly constructed homes by the end of 2018.
On Sunday, the company officially announced plans to enter the U.S. wireless business through an MVNO agreement with Sprint.
Altice has not indicated when the service will become available, but Charter Communications meanwhile revealed during a third quarter earnings call that it will launch its own wireless service in the second quarter of 2018.
