In a bid to provide consumers with seamless, simple and reliable connectivity, Altice USA, Inc. (ATUS - Free Report) recently unveiled a new nationwide mobile service — Altice Mobile.
Altice Mobile is a network of networks that delivers advanced LTE coverage by combining the company’s fiber and mobile infrastructures with two of the best networks in the United States. The service will likely evolve to include new mobile technologies, including 5G.
Altice LTE leverages Sprint Corporation’s (S - Free Report) LTE and AT&T Inc.’s (T - Free Report) LTE networks in certain locations to deliver 99% nationwide coverage. Altice Mobile offers one simple plan with unlimited data, text and talk nationwide, mobile hotspot, video streaming, international text and talk from the United States to more than 35 countries, including Canada, Mexico, Dominican Republic and Israel.
It should be noted that for Altice’s Optimum and Suddenlink customers, Altice Mobile is $20 per line per month. The service is also available to other customers who live in or near the company’s 21-state footprint, including throughout New York City, for $30 per line per month.
Markedly, Altice delivers broadband, pay television, mobile, proprietary content and advertising services to about 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands.
The arrival of Altice Mobile as the latest mobile operator underscores the company’s aim to create one converged fiber and wireless network that delivers an ultra-fast broadband and mobile experience to support consumers’ needs inside and outside the home.
By building a mobile network that will eventually support 5G combined with its cutting-edge fiber broadband capable of more than 10 Gigabit speed, Altice is creating a powerful network to deliver superior connectivity and simplified customer experiences. The move reflects the company’s continued investment in technology and innovation for its customers in the United States.
Altice is on track with its five-year plan to build a fiber-to-the-home (FTTH) network and deploy its home communications hub. The company believes that the FTTH network will be more resilient with reduced maintenance requirements, fewer service outages and lower power usage. This network will allow Altice to satisfy demand for increasing speeds and support evolving technologies and enable it to capitalize on associated revenue-growth opportunities.
Driven by proper execution of operational strategies, the stock has added 78.8% compared with the industry’s growth of 16.9% in the year-to-date period. The company beat earnings estimates in each of the trailing four quarters, with an average surprise of 158.5%.
Altice currently has a Zacks Rank #3 (Hold). A better-ranked stock in the industry is Harmonic Inc. (HLIT - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Harmonic surpassed earnings estimates in each of the trailing four quarters, the average surprise being 119.9%.
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