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Altice USA Loses 68,000 Video Subscribers as Quarterly Earnings Fall

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The cable operator, led by Dennis Mathew as CEO, shrunk its video losses from a year-earlier loss of 85,000 customers.

Altice USA offers Internet broadband, video and mobile phone services to around 5 million residential and business customers across 21 U.S. states through its Optimum brand. The company also owns national, international and business news operations through its News 12, Cheddar News and i24NEWS networks.

“I am pleased with the progress we are making as we act with discipline and focus to execute on our mission for Optimum to be the connectivity provider of choice across all the communities we serve.

Cable TV companies like Altice USA face stepped-up cord-cutting as TV viewers increasingly opt for streaming services like Netflix.

 

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