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Broadband

Altice net loss widens on acquisition costs

Friday 14 November 2014 | 10:04 CET | News
Altice reported third-quarter revenue of EUR 832 million, down 0.3 percent from a year earlier on a pro forma basis. In its main market France, revenues rose 3.0 percent to EUR 329 million, while revenues elsewhere were down 2.3 percent year-on-year, led by lower sales in Portugal and Israel. EBITDA still improved 12 percent to EUR 396 million, and the EBITDA margin expanded by 5.3 percent points to 47.6 percent. Altice said the improved profitability was due to increased efficiency, especially in Israel and the Dominican Republic. The net loss meanwhile widened to EUR 285 million from EUR 70

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Categories: Fixed
Companies: Altice Europe / SFR
Countries: World
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