Altice USA, publicly owned and headquartered in the US, was founded in 2016, employs approximately 8,900 individuals, and reported $8.6B in revenue as of 2025. The company functions as a telecommunications and media entity, specializing in providing broadband access services, digital advertising solutions, pay television, and telephony services to both residential and business customers.
On February 10, 2026, the state of Connecticut's Attorney General told a state court that Altice USA should face a retooled complaint. This complaint alleges the company improperly charged customers a $6 "network enhancement fee" and made misleading representations about its internet speed. Previously, on February 9, several of the world’s largest asset managers argued that a price-fixing suit filed by Altice USA ignores longstanding precedent that creditor agreements on debt refinancing do not violate antitrust law. This followed reports on January 27 that Chicago-based law firm Kirkland & Ellis withdrew as legal counsel to Altice USA after pressure from private capital firms. These firms were angered by an unusual antitrust lawsuit Altice USA filed late last year, accusing them of colluding during refinancing talks. Earlier, on January 13, JPMorgan Chase & Co. provided Altice with approximately $1.1 billion in additional financing, a move that could allow the cable operator to refinance debt before an early repayment penalty comes into effect.
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