Optimum Communications outlines restructuring, T-Mobile deal, and market exits in Q2 2026 call

EarningsCorporate Action

โดย Moby·

Summary · why it matters

Optimum Communications reported expanded gross and adjusted EBITDA margins in the second quarter of 2026, driven by cost management and a simplified go-to-market strategy, while revenue faced pressure from broadband subscriber losses. The company announced a new multiyear agreement with T-Mobile to expand its mobile addressable market into wearables and connected devices, and disclosed plans to exit low-density markets, including the decommissioning of 48,000 passings in the West footprint. Full-year 2026 revenue is expected to decline mid-single digits and adjusted EBITDA low-to-mid single digits, with capital expenditure targeted between $1.2 billion and $1.5 billion. Optimum is pursuing a consensual restructuring of CSC Holdings debt to address 2027 maturities, and completed a $300 million tender offer repurchasing 120 million Class A shares. The company also divested a noncore advertising agency that generated approximately $100 million in 2025 revenue.