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Tag: altice
Altice maintains outlook as revenue slide continues
2016-08-09 08:41:00| Telecompaper Headlines
(Telecompaper) Altice reported a continued slide in revenues in the second quarter, driven by weakness at SFR in France. Total revenues fell 2.6 percent year-on-year to EUR 5.828 billion, while French revenues dropped 4.3 percent to EUR 2.781 billion amid continued subscriber losses at SFR. Growth in the US as well as Portugal helped Altice's adjusted EBITDA increase 2.7 percent to EUR 2.265 billion, and the margin expanded by 2 percent points to 38.9 percent. Free cash flow fell 7.6 percent to EUR 1.157 billion on higher investment spending and a one-off payment for the joint venture in Israel. Altice reiterated its guidance for an improving trend in revenue this year at constant currency rates and mid-single digit growth in adjusted EBITDA in 2016.
Tags: continues
revenue
slide
outlook
Altice may sell Belgian unit to channel focus elsewhere
2016-07-07 02:00:00| Total Telecom industry news
Cable group could raise 500 million from sale of SFR Belgium, sources say.
Altice Labs, University of Aveiro set up research lab
2016-07-05 18:43:00| Telecompaper Headlines
(Telecompaper) Portugal's University of Aveiro (UA) and Altice Labs have formalized the creation of AlticeLabs@ UA, a research laboratory in the area of emerging web services, IPTV technology, digital content, application usability and user experience, collaborative systems and IoT applications.
Tags: set
research
university
lab
Altice becomes fourth largest cableco in US as Cablevision deal closes
2016-06-22 02:00:00| Total Telecom industry news
Altice USA serves 4.6 million customers across 20 states, cable group says, as it completes $17.7 billion deal.
Tags: deal
largest
fourth
closes
Drahi steps down as Altice president, Combes becomes CEO
2016-06-21 08:25:00| Telecompaper Headlines
(Telecompaper) Altice announced a management reshuffle, in which major shareholder Patrick Drahi will step down as president of the group. CEO Dexter Goei will take over as president, and Michel Combes will become the new CEO of the group. Goei will also head up the US activities as Altice USA CEO, focusing on the integration of the acquired cable operators Suddenlink and Cabelevision. In addition, he remains head of Altice's global M&A activities. Combes, who first joined the company last year as COO, will manage Altice's day-to-day operations and all country CEOs and managers will report to him. He will lead Altice's executive committee and join the board as a director. Drahi will continue to set out the strategic, operational and technological agenda for the group and lead the newly formed Altice Group Advisory Council.
Tags: president
steps
ceo
president steps
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