Altice Europe 3Q18 revenues drop to EUR3.4bn

22 Nov 2018

Netherlands-based multinational telecoms group Altice Europe has reported consolidated revenues of EUR3.4 billion (USD3.9 billion) for the three months ended 30 September 2018, down from EUR3.7 billion in 3Q17. Adjusted EBITDA, meanwhile, dropped from EUR1.5 billion to EUR1.3 billion in the period under review. Altice Europe was created after Altice NV (also known as Altice Group) decided to spin off its Altice USA business and rename its core business; the separation became effective on 8 June 2018.

In operational terms, Altice Europe ended 30 September with a total of 26.143 million mobile subscribers across France, Portugal, Israel, the Dominican Republic and the French Overseas Territories, alongside 9.156 million unique fixed line customers. France remains Altice’s leading market in terms of subscribers, with 14.914 million mobile users and 6.193 million fixed accounts.

Patrick Drahi, founder of Altice Europe, commented: ‘Since the beginning of 2018, Altice Europe has continuously overdelivered on its operational turnaround plan, showing strong improvements in subscriber trends whilst signs of stabilisation sequentially in ARPU. We consistently demonstrate our ability to win our fair share of net adds. In France, we have won back more than a million customers already since the beginning of this year, i.e. the numbers of customers lost for the last three years (2015-2017) since the SFR acquisition.’

Netherlands, Altice Europe (formerly Altice Group), Altice France (SFR)