SFR's Q3 revenues down 1.3% in Q3

Friday 3 November 2017 | 11:23 CET | News

Altice reported third-quarter revenue in France of EUR 2.76 billion, down 1.3 percent year-on-year compared with a 0.4 percent drop in the previous quarter. Adjusted EBITDA decreased by 3.2 percent to EUR 1.01 billion, while the adjusted EBITDA margin fell to 36.6 percent, reflecting the acquisition of sports content rights.

Consumer mobile revenue dropped by 1.2 percent to EUR 1.13 billion, although the fall was only fractional (-0.3%) for mobile service revenue, said the company. In the fixed business line, consumer revenue decreased by 1.9 percent, partly linked to the ongoing decline in broadband subscriptions.

The consumer postpaid base increased by 16,000 since June, more than offsetting a fall of 3,000 prepaid connections. Blended ARPU stood at EUR 23.00, increasing from the previous quarter, but down 1.6 percent from Q3 2016. Mobile postpaid ARPU fell 1.4 percent year-on-year to EUR 25.80.

The third quarter saw an acceleration in SFR's FTTH deployment, with 224,000 new homes and businesses covered, compared with 96,000 in the year-earlier period. When including the hybrid fibre-coaxial footprint, the operator reported an additional 433,000 premises passed since June.

Despite the increased coverage, FTTx consumer net additions (+44,000) were lower than in Q3 2016 (+48,000), while the net loss in ADSL subscribers (-119,000) remained broadly stable compared to the year-earlier period. Blended fibre/DSL ARPU stood at EUR 35.90, increasing marginally quarter-on-quarter, but dropping by EUR 1.40 compared to a year earlier.

Looking ahead, the rebranding of SFR as 'Altice' is on track to go ahead in the first half of 2018. The company has also confirmed the appointment of Armando Pereira as deputy CEO in charge of SFR's telecom operations.

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