Altice Group 2Q13 revenues reach EUR334m

13 Aug 2013

Luxembourg-based telecoms group Altice has reported pro forma combined revenues of EUR334.1 million (USD444.7 million) for the three months ended 30 June 2013, up 3.4% year-on-year. CEO Dexter Goei commented: ‘Q2 2013 has been a transformational quarter for the Altice Group. We not only took steps to refinance all of the Altice Group assets into one financing pool (which was completed on 2 July 2013), but we also signed two strategic acquisitions, Outremer Telecom in the French Overseas Territories and ONI, a B2B operator in Portugal’. Going forward, from 30 September Altice has said that it will begin reporting its operations in three key segments: ‘Israel’, ‘Western Europe’ and ‘French Overseas Territories’.

In operational terms, by the end of June 2013 Altice claimed a consolidated cable user base of 1.57 million, with HOT in Israel accounting for the lion’s share (1.17 million). Numericable operations in Belgium and Luxembourg accounted for a combined 116,352 cable customers, while Cabovisao in Portugal weighed in with 243,351 subscribers. Meanwhile, Le Cable – which is active in Guadeloupe and Martinique – supplied 38,523 users.

According to TeleGeography’s GlobalComms Database, Altice is a telecoms investment group founded by Frenchman Patrick Drahi, which specialises in the acquisition of cablecos. It currently holds telecoms interests in Belgium and Luxembourg (Numericable), Portugal (Cabovisao, ONI) Israel (HOT Telecommunications Systems) and Guadeloupe and Martinique (Outremer, Le Cable).