New York (awp / afp) – Altice USA, the US subsidiary of the media and telecommunications empire of French tycoon Patrick Drahi, launched its own mobile offering Thursday, marketing a package backed by its fiber optic network and its own infrastructure.
This offer is part of Mr. Drahi's strategy of convergence between fixed and mobile, which was also highlighted by the CEO of Altice USA, Dexter Goei.
"The advent of Altice Mobile as a new mobile operator reflects our vision of creating a convergence network between fiber and mobile," he said in a statement.
On Wall Street, investors welcomed the announcement, the title amount of more than 2% around 17H50 GMT.
This offer will cost Optimum and Suddenlink cable subscribers $ 20 per line per month. This amount will never move because it is for life, promises Altice, which hopes to cause a redistribution of cards in a market where monthly mobile plans exceed an average of $ 50 per month per line.
Consumers not subscribed to Altice's cable services but living in the twenty or so states, including New York, where the group is present, will pay them $ 30 per line and per month.
Altice USA was already present in the mobile in the United States via an agreement with the operator Sprint. But with its own offering, which is based on its network and technologies, Altice will no longer be a virtual mobile operator renting the network of another (MVNO).
The group however comes after its rival Spectrum, ex-Time Warner Cable.
afp / rp