Altice USA Announces the Completion of the Transactions to Combine Its Suddenlink and Optimum Businesses under a Single Credit Silo

NEW YORK–(BUSINESS WIRE)–Altice USA, Inc. (“Altice USA”, NYSE:ATUS) has today announced the
completion of the combination (the “Combination”) of its Suddenlink
(Cequel) and Optimum (Cablevision) businesses under a single credit
silo, which is intended to further simplify its structure and operations.

The Combination marks a significant milestone in the integration of the
Suddenlink and Optimum businesses and aligns Altice USA’s debt capital
structure with the way Altice USA is managed: as a unified company with
a common strategy. The Combination will result in a more diversified
credit silo which is expected to simplify Altice USA’s financing
strategy and financial reporting requirements.

FORWARD-LOOKING STATEMENTS

This press release contains certain estimates and other “forward-looking
statements” within the meaning of the federal securities laws, including
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Forward looking
statements generally are accompanied by words such as “will”, “expect”,
“outlook”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “see”,
“will”, “would”, “target”, or other similar words, phrases or
expressions and variations or negatives of these words. Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain, such as statements regarding the expected benefits
of the Combination and other statements that are not historical facts.
These statements are based on the current expectations of Altice USA
management and are not predictions of actual performance. These
statements are subject to a number of risks and uncertainties regarding
Altice USA’s businesses and actual results may differ materially.

The forward-looking statements in this press release speak only as of
date of this announcement. Altice USA undertakes no obligation to update
any forward-looking statements to reflect events or circumstances after
the date hereof, except as required by applicable laws or regulations.

About Altice USA

Altice USA (NYSE: ATUS) provides broadband communications and video
services in the United States, delivering broadband, pay television,
telephony services, proprietary content and advertising services to
approximately 4.9 million Residential and Business customers across 21
states through its Optimum and Suddenlink brands.

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