Altice USA will lease an 80,000-square-foot office in Plano, Texas, later this year, that will house about 400 people.
Altice USA already has a presence in Texas – it has offices in Plano, Lubbock and Tyler. The company plans to move into the new space in the third quarter. The 400 workers at the facility will be a mixture of transfers from other locations and new hires.
Altice purchased Suddenlink Communications in 2015, which has a large presence in Texas.
According to the economic development incentive agreement with the city, Altice will add about $4 million in real property improvements and $1.2 million of business personal property at the location. The City of Plano also is planning to contribute about $210,000 in economic incentives.
“As a long-time employer in Texas, we are pleased to continue our partnership with the City of Plano, which serves as an important centralized location to benefit the current and long-term needs of our customers,” Altice said in a statement. “We look forward to expanding our current presence into a new facility and creating a great place for our employees to work while making a meaningful impact in the surrounding local communities.”
Altice has expanded its 1 Gigabit per second broadband services in Texas to about 85 communities in the state and has announced a five-year plan to build a next generation fiber optic network capable of delivering speeds of up to 10 Gbps.