Altice USA revealed that it now has more than 100,000 Optimum Fiber subscribers, an increase of 19,000 from its Q1 total of 81,000 fiber subscribers. The company is now halfway to its goal of hitting 200,000 fiber subscribers by the end of 2022.
Altice’s fiber network is available to more than 1.3 million homes and businesses and the company expects to extend its fiber footprint to 6.5 million locations, or two-thirds of its entire footprint, by the end of 2025.
Altice is in a heated battle with Verizon as much of its territory overlaps with Verizon Fios territory. The company in May launched a new symmetrical 2-gig service to match its rival’s top-tier offering and priced it at $120 per month. It launched a 5-gig offering too that is priced at $180 per month.
The two new service tiers have only been available a short time primarily to subscribers in select areas of Long Island. The rest of the company’s tri-state footprint in New York, New Jersey and Connecticut is expected to follow and by year-end Altice said that the higher tier services will reach 2.5 million to 3 million locations.
Altice touted the benefits of its fiber service noting that customers like the symmetrical speeds and reliability of fiber.
Altice also recently raised the prices on its fiber internet services by $10 per month for new subscribers. The company told FierceTelecom that the price hike only applies to promotional rates for new customers and not for existing customers.