Altice USA reported a rise in broadband demand across its network, leading to its best-ever residential broadband adds. Although the company withdrew most financial guidance, it reiterated its commitment to $1.7 billion in stock buy-backs this year.
Altice USA reported that its unique residential customer relationships grew 0.6% year-over-year in the first quarter, or 0.8% if Altice Advantage, its program for low-income customers, was included. In residential broadband, the company reported its best-ever quarterly net additions of around 50,000, compared to 37,000 during the same time last year. When Altice Advantage customers were included, broadband net additions were around 60,000.
