Numericable-SFR revenues down
March 6, 2015
Numericable-SFR reported a 5 per cent slide in 2014 revenue emphasing the need to accelerate the fusion of the two businesses. Sales came in at €11.4 billion, France’s second-largest carrier behind Orange reported, citing pro-forma figures. Stripping out SFR, Numericable’s revenue and earnings jumped but interest payments led to a net loss of €175 million, Chief Financial Officer Thierry Lemaitre said.
Altice the majority owner of Numericable-SFR, bought wireless provider SFR last year for $23 billion and merged it with its own cable operator Numericable, predicting synergies valued at more than €10 billion from the transaction. Numericable-SFR said it has started cutting expenses including marketing, customer service and technical support.