Altice Announces Continued Investments in 'Operation GigaSpeed' Project Brings 1 Gigabit per Second Service to More Communities Other 2016 Investments and Innovations Planned
ST. LOUIS (Feb. 18, 2016) – Following its recent acquisition of Suddenlink, Altice USA has reconfirmed its commitment to Operation GigaSpeed.
Building on deployments started in 2015, Altice plans to have an up to 1 Gigabit service available by year-end 2016 in a total of more than 250 Suddenlink-served communities representing over 60 percent of the company's high-speed Internet customers. On the same timing, over 70 percent of Internet customers should have access to speeds of 400 Megabits per second (Mbps) or greater. Additional GigaSpeed deployments are expected in 2017, rounding out the nearly quarter-billion dollar total investment supporting this program.
"Investment in infrastructure is at the heart of the Altice business model," said Altice USA Co-President and CFO Charles Stewart. "In order to offer the best services and speeds to our customers, we're investing more than $4 billion per year in our networks around the world. Forward-thinking programs like Operation GigaSpeed fit perfectly with this commitment."
In stark contrast to the selective deployments of AT&T and Google Fiber, Altice makes 1 Gigabit broadband available to all neighborhoods and households passed by the Suddenlink network in each market where that service is launched. At the same time, Altice upgrades other services, resulting in standard offerings of up to 50, 100, and 200 Mbps, plus 1 Gigabit. Local business owners are also provided access to the Gigabit service, along with customized, multi-Gigabit services that the company has offered for years.=
Stewart added: "Beyond our full-throttled support for Operation GigaSpeed, we're actively working on a plan to introduce in Suddenlink markets an advanced, home-gateway device that enables all services: TV, Internet, and phone. These award-winning devices have proven very popular with customers in other areas served by Altice Group companies."
Stewart said the company would share more details about the gateway devices and other planned 2016 investments and innovations in the months ahead.
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