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Stock impact report

Altice to spend millions on internet upgrades in settlement with West Virginia [CBS News]

Altice USA, Inc. Class A (ATUS) 
Last altice usa, inc. class a earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: CBS News
Under the settlement announced Friday by Attorney General Patrick Morrisey, Altice USA will make $40 million in additional upgrades in West Virginia through 2027, provide $4 million in credits to customers' accounts and pay the state $500,000. Altice entered into the agreement without admitting that its practices violated the state Consumer Credit and Protection Act. "This is years in the making and a big win for the consumers in West Virginia," Morrisey said. Altice operates in West Virginia under the Optimum brand. In 2022, the state Public Service Commission fined Suddenlink Communications, Optimum's former name, $2.2 million. The PSC found that Suddenlink ignored customer complaints, reduced the number of full-time employees, its mainte Read more
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