Altice USA ($ATUS) CEO Goei with an extensive @CNBC interview.
Q: Will the cable TV bundle go away?
A: Yes.
Q: Fixed/mobile convergence in US?
A: Yes. Inevitable.
Q: Fiber vs cable?
A: The world will demand fiber.
cnbc.com/video/2021/03/…
Q: Will the cable TV bundle go away?
A: Yes.
Q: Fixed/mobile convergence in US?
A: Yes. Inevitable.
Q: Fiber vs cable?
A: The world will demand fiber.
cnbc.com/video/2021/03/…
TLDR:
$TMUS should merge with a cableco. Dexter can even picture Comcast and $VZ merging.
Altice would love to buy more cable assets, but very little has been for sale. Small purchase this week.
10%+ eq FCF yields & 3% cost of debt: expect us to keep buying back shares.
2/
$TMUS should merge with a cableco. Dexter can even picture Comcast and $VZ merging.
Altice would love to buy more cable assets, but very little has been for sale. Small purchase this week.
10%+ eq FCF yields & 3% cost of debt: expect us to keep buying back shares.
2/
Cablecos don’t need to bundle video. You end up hating us, because we have to pass through content price increases that $DIS forces on us. That leads to frustration & customer calls.
Let’s give you an awesome connection and easy tools to assemble & search content ala carte.
3/
Let’s give you an awesome connection and easy tools to assemble & search content ala carte.
3/
In future, your TV/box provider may aggregate content. Maybe we rent you a box but we aren’t your content distributer per se. Seamless search is important.
Many content owners are shooting themselves in foot, driving away subs by killing the cable bundle; it’s fait accompli.
4/
Many content owners are shooting themselves in foot, driving away subs by killing the cable bundle; it’s fait accompli.
4/
Upload speed has become more valued with work & school from home. Fiber does this better than cable. Fiber is inevitable.
Fiber is an upfront investment, but lower OpEx & a better customer experience. Have built fiber in “>20%” of Optimum footprint. Accelerating the build.
5/
Fiber is an upfront investment, but lower OpEx & a better customer experience. Have built fiber in “>20%” of Optimum footprint. Accelerating the build.
5/
If ATUS acquired mobile (e.g., TMUS), it would be as a standalone operating and investment proposition. We believe we can run mobile assets very effectively.
[Compound248 opinion: it sounds an awful lot like they’re considering something along these lines]
End
[Compound248 opinion: it sounds an awful lot like they’re considering something along these lines]
End
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