11 Nov 2016
Netherlands-based Altice Group has reported consolidated revenues of EUR5.889 billion (USD6.425 billion) for the three months ending 30 September 2016, almost unchanged on an annualised basis. The lion’s share of third-quarter sales were generated by the company’s SFR unit in France, which reported a headline figure of EUR2.802 billion, comfortably ahead of the Altice USA unit (comprising Cablevision and Suddenlink), which generated EUR2.020 billion. Adjusted EBITDA in Q3 increased 8.3% y-o-y, to reach EUR2.326 billion, meanwhile, driven by the ‘very strong growth’ of Altice USA.
In operational terms, Altice Group said its consolidated mobile user base stood at 25.910 million, the bulk of which (14.489 million) were in France. The group also reported that its total number of fibre/cable revenue generating units (RGUs) reached 20.025 million, while DSL RGUs stood at 13.717 million at end-September 2016.
Michel Combes, CEO of Altice, commented: ‘We are extremely pleased to see our focus on execution is paying off, delivering substantially better revenue and financial performance across all our major markets including US, France and Portugal. The efficiency savings we are achieving are fuelling higher investment in infrastructure and content, and improving customer experience, which is now driving the growth of our business. Altice has fully transformed into a leading transatlantic, converged telecoms and media company and quarter after quarter we find ourselves in a stronger position.’