Suddenlink Ends FY15 With Video Subscribers Down, Broadband and Phone Up
Suddenlink Communications ended 2015 with its basic video customer numbers down 4 percent due to its replacing Viacom in its channel lineup in 2014, while residential high-speed Internet grew by 6.4 percent and its residential telephone customer base grew by…
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5.3 percent, it said in a news release on its FY 2015 results Tuesday. During Q4, the company started its Operation GigaSpeed, which will see it upgrade its residential Internet service to top speeds of 150 Mbps in most markets and up to 1 Gbps in 28 markets, it said. During the year, Suddenlink spent $84.2 million on nonrecurring expenses as part of Altice's plans to buy the cable company, which the FCC approved in December (see 1512180035). Altice acquired 70 percent of Suddenlink later that month.