Altice Group Q2 revenues down 2.6% to EUR5.83bn

9 Aug 2016

Netherlands-based Altice has reported consolidated group revenues of EUR5.828 billion (USD6.461 billion) for the three months ended 30 June 2016, down 2.6% on an annualised basis. The lion’s share of second quarter sales were generated by the company’s SFR unit in France, which reported a top-line figure of EUR2.781 billion, albeit down 4.3% year-on-year. EBITDA for the quarter under review increased 2.7% y-o-y, to reach EUR2.265 billion, meanwhile.

In operational terms, Altice reported a consolidated mobile user base of 25.922 million, of which the bulk (14.577 million) were located in France. The group reported that its total number of fibre/cable revenue generating units (RGUs) reached 19.825 million, while DSL RGUs stood at 14.141 million at end-June 2016.

Michel Combes, CEO of Altice, commented: ‘This quarter saw Altice transform into a leading transatlantic, converged telecoms and media company. Having successfully closed the Cablevision acquisition, Altice USA has become the fourth largest cable operator in the attractive and competitive US market. We are very excited about the current performance and future prospects for both Suddenlink and Optimum.’

France, Netherlands, United States, Altice Europe (formerly Altice Group), Altice USA (incl. Optimum, Suddenlink), SFR