Altice chalks up record-setting broadband adds in Q1

Altice USA notched its best-ever quarter for broadband subscribers additions in the first quarter. Altice added 50,000 broadband subscribers in the quarter as well as an additional 9,000 subscribers for its Altice Advantage tier, which is its low-income family broadband program. Driven in part by voluntary speed and rate increases, Altice's total broadband revenues in the first quarter increased by 14.2%. Altice's fiber-to-the-home (FTTH) deployments in the Optimum footprint slowed down due to permitting issues. Due to that slowdown, Altice said its capex for the year would now be below $1.3 billion. With the build out of DOCSIS 3.1 and fiber technologies, 1-Gig sales were up by 56% in March.