Altice revenues dip
July 29, 2015
Luxembourg-based telco Altice Group has reported revenue of €3.9 million for the three months June 30th, down 2 per cent on an annualised basis. The majority of the company’s turnover was generated in France, where it owns the newly merged Numericable-SFR full-service operator; revenue derived from French operations dropped 2.5 per cent year-on-year to €2.7 billion. EBITDA for the quarter rose 13 per cent to €1.549 million, on the back of an 18 per cent improvement in France.
In operational terms, Altice claimed total cable-based revenue generating units (RGUs) of 8.792 million as at June 30th, while fixed, non-cable RGUs totalled 15.6 million. Meanwhile, Altice saw its consolidated mobile subscriber base increase to 26.6 million as of mid-year. Although Altice’s international footprint now spans around ten countries, its French operations continue to account for the lion’s share of RGUs in each category.
Dexter Goei, Chief Executive Officer of Altice, said: “Q2 2015 was another strong quarter for the Altice Group, with 13 per cent growth in our adjusted EBITDA and 24 per cent growth in our operating free cash flow, as we continue our successful strategy based on fixed and mobile convergence and the implementation of best practices and efficiencies across all of our operations.
We are particularly pleased with the recent revenue trends in France and our other businesses, the integration of Portugal Telecom into the Altice Group and the continued acceleration of our investments in both fiber and 4G+ infrastructure.”