Why Are Altice USA Shares Plunging Today?

by Anusuya Lahiri, Benzinga Editor

September 23, 2021 2:11 PM | 23 seconds read |

Cable provider Altice USA Inc ATUS expects to lose 15,000 to 20,000 broadband customers this quarter, Bloomberg reports.
The company had 4.4 million internet customers at midyear and called the result “disappointing” at a Goldman Sachs Group Inc conference.
The pandemic accelerated broadband adds during the pandemic due to remote working and learning.
Price Action: ATUS shares traded lower by 13.30% at $21.91 on the last check Thursday.

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