Altice takes aim at Verizon Fios with 10 gigabit fiber upgrade

Altice – an Amsterdam-based company that bought New York-based Cablevision for $18 billion last year – plans to challenge high-speed broadband services like Verizon Fios with a massive fiber network upgrade. The company plans to deliver 10 gigabit, fiber-to-the-premises connections in 20 states over the next five years.

The deployment of “Generation Gigaspeed,” as Altice named it, will begin in 2017. The network formerly known as Cablevision in NY, NJ, and CT will receive the fiber upgrade, as well as the Suddenlink footprint, which Altice bought in 2015. The company didn’t release details on the economics of the plan, but Dexter Goei, CEO of Altice USA, said the company is dropping other capital projects and using cost-cutting “efficiencies” to focus on building the high-speed network.

"All of that money is getting plowed back into this fiber project,” Goei said. “We think we're being very efficient about using our savings and redeploying it into full-proofing our network for the long term.”

Links:

Altice buys Cablevision for $18 billion (Speed Matters, Sept. 17, 2016)

Altice USA to Skip DOCSIS 3.1, Roll Out All-Fiber Network (Multichannel, Nov. 30, 2016)

Speedy new rival for Verizon Fios and Google Fiber headed to 20 states (CNBC, Nov. 30, 2016)

Is Altice Really Bringing FTTP? (POTS and PANS, Dec. 5, 2016)