LONG ISLAND CITY, N.Y. — The stateside unit of Luxembourg-based telecommunications giant Altice is changing its corporate name to better align itself with the brand it uses across its MVPD services in markets across the U.S. including Westchester County, N.Y. and much of Long Island.
As such, Altice USA is gone, effective today (11/7). Introducing Optimum Communications, which will begin trading under a new ticker symbol on November 19. At that time, “OPTU” will replace “ATUS” on the New York Stock Exchange.
The company says the changes are part of a “continued transformation” and reflect its commitment to a unified brand identity centered around Optimum. “This is more than a name change – it’s a reflection of who we are and where we are going,” said Dennis Mathew, Chairman and CEO at Optimum. “As we accelerate our transformation and deepen our commitment to our customers, employees, and communities, aligning our corporate identity with the strong Optimum brand underscores our focus on simplicity, performance, and purpose. It’s an incredibly exciting time for the organization as it enters its next chapter as one unified Optimum.”
Optimum is also the parent of News 12 Networks is the leader in hyper-local news covering communities throughout Long Island, the Bronx, Brooklyn, Westchester, Hudson Valley, Connecticut and New Jersey. It was born under the Dolan family’s ownership as Cablevision, and acquired by Altice in December 2015 at an enterprise value of $17.7 billion.
The Optimum family also includes former Suddenlink MVPD operations, found in markets including Arcata-Eureka, Calif.
The news came concurrent with a Q3 2025 earnings report that shows News and Advertising revenue slipping to $105.86 million from $117.68 million. Furthermore, the “cord-cutting” conundrum remains for MVPDs such as Optimum, with Video revenue falling to $645.21 million from $715.12 million.
The quarter was also impacted by $1.568 billion in restructuring and impairment costs as adjusted EBITDA moved to $830.66 million, from $861.98 million.
