Introducing coverage of Altice USA by his firm with a “neutral” rating, MoffettNathanson analyst Craig Moffett said the company has driven down per-subscriber operating expenses not related to pay-TV programming by around 20%. But in a rather Debbie Downer report to investors, Moffett described Altice’s original goals of U.S. cable conquest as sinking off the pier. http://ift.tt/2y80L34 Daniel Frankel
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