Altice USANYSE: ATUS

Bharti Global, founded by billionaire Sunil Bharti Mittal, has agreed to buy a major stake in BT from shareholder Altice UK, part of Patrick Drahi's troubled telecommunications empire, a deal that will bolster the Indian company's international expansion while giving the British carrier more investor stability. Bloomberg's PR Sanjai reports.

BT, the U.K.'s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice.

Altice (ATUS) reports top-line contraction year over year owing to demand softness in several segments amid macroeconomic headwinds.

Altice USA, Inc. (NYSE:ATUS ) Q2 2024 Earnings Call Transcript August 1, 2024 8:30 AM ET Company Participants Sarah Freedman - IR Dennis Mathew - Chairman and CEO Marc Sirota - CFO Conference Call Participants Frank Louthan - Raymond James Kutgun Maral - Evercore ISI Michael Rollins - Citibank Craig Moffett - Moffett Nathanson Sebastiano Petti - JPMorgan Jessica Reif Ehrlich - Bank of America MaryAnne Zhao - Morgan Stanley Operator Hello, and welcome to the Altice USA Q2 2024 Results Conference Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation.

While the top- and bottom-line numbers for Altice USA (ATUS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Altice USA (ATUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Altice's (ATUS) connectivity solutions are likely to witness robust enhancement through Lightpath's acquisition of United Fiber and Data assets.

Lightpath Will Add Geographically Diverse, High-Fiber Count Network Between New York City and Ashburn, VA, and Increase Serviceable Market in Manhattan by over 20% NEW YORK , June 10, 2024 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has signed a definitive agreement to acquire substantially all of the assets of United Fiber and Data . The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2024.

Altice (ATUS) aims to draw and keep customers who value secure and reliable connectivity solutions by enhancing Lightpath's cybersecurity services.