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ATUS WI - Altice USA Inc News Story

$17.71 0.0  0.1%

Last Trade - 08/06/18

Sector
Telecoms
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £7.15bn
Position in Universe th / 6854

UPDATE 1-Trump holds call with U.S. internet, mobile phone providers

Tue 31st March, 2020 8:39pm
(Adds call complete, participants)
    By David Shepardson and Steve Holland
    WASHINGTON, March 31 (Reuters) - President Donald Trump
spoke with the biggest U.S. internet and mobile phone providers
on Tuesday to talk about how the networks are holding up as tens
of millions of Americans work from home.
    The Federal Communications Commission has said U.S. networks
are performing well and has granted temporary access to
additional spectrum blocks to help providers manage traffic.
    The chief executives of AT&T Inc  T.N , Verizon
Communications Inc  VZ.N , Charter Communications Inc  CHTR.O ,
Comcast  CCZ.N , Altice USA  ATUS.N , LionTree and Sprint Corp
 S.N  took part in the call, as did the incoming chief executive
of T-Mobile US Inc  TMUS.O  and chairman of Liberty Media.
    The White House said Trump thanked the firms "for not only
rising to the increased demand, but extending services to all
Americans at no additional cost and for waiving bills and late
fees for those experiencing financial hardship."    
    FCC Commissioner Brendan Carr said last week "the data show
that the recent surges in Internet traffic are well within the
capacity of U.S. networks." 
    Major firms, including all those Trump spoke with, agreed
earlier this month not to terminate service for subscribers for
60 days if they are unable to pay their bills due to disruptions
caused by the coronavirus. In total, hundreds of firms have
agreed to take the steps, the FCC said.
    They also agreed to waive any late fees residential or small
business customers incur because of their economic circumstances
related to the coronavirus pandemic and to open Wi-Fi hotspots
to anyone who needs them.
    FCC Commissioner Jessica Rosenworcel, a Democrat, said the
commission should issue daily reports on the performance of U.S.
networks during the crisis.

 (Reporting by David Shepardson
Editing by Sonya Hepinstall)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))
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