Altice Group sees 1Q14 revenues slide 2% to EUR827.5m

16 May 2014

Luxembourg-based telecoms group Altice has reported revenues of EUR827.5 million (USD1.13 billion) for the three months ended 31 March 2014, a decrease of 2% on the same time a year ago. Meanwhile, EBITDA for the first quarter of the year edged up 6.5% from EUR344.6 million to EUR367.1 million. CAPEX for the January-March period increased from EUR153.6 million to EUR165.7 million.

In operational terms, Altice reported a total of 5.134 million mobile users at 31 March, the lion’s share of which were in the Dominican Republic (3.707 million, Orange/Tricom). Meanwhile, the company notched up 2.955 million cable broadband customers, 1.340 million of which were attributed to Numericable in France. Elsewhere, Altice reported 176,000 xDSL connections and 363,000 PSTN users, chiefly in the Dominican Republic.

Dexter Goei, CEO of Altice, comented: ‘ We began the year strongly, both operationally and financially. Integration of the companies we acquired last year continues to go well, driving improved margins and strong cash flow growth. We are delighted to have agreed the purchase of SFR in France and to have closed our acquisitions in the Dominican Republic. We see strong growth opportunities in both these areas and across our portfolio’.

Luxembourg, Altice Europe (formerly Altice Group)