- With investors rattled a bit by a spate of debt-fueled deals and a tough market in France, Altice (OTCPK:ATCEY) says that the business at Numericable-SFR (OTCPK:NUMCF) will turn around in 12-18 months as it works on quality control in the ongoing price war there.
- "We are confident that we'll resolve the quality and churn issues in coming quarters," said CEO Dexter Goei at the Morgan Stanley TMT conference in Barcelona.
- The company has boosted investments to repair a network left behind by Vivendi after a late-2014 changeover.
- Altice is taking on significant debt to launch its presence in the United States, via acquisitions of Suddenlink, for $9.1B, and Cablevision (CVC -0.2%), for $17.7B.
- Previously: Cablevision -0.7% as Q3 revenues decline and miss (Nov. 03 2015)
- Previously: Altice slips as revenues fall 2.9% (Oct. 28 2015)
- Previously: Numericable-SFR revenues down 3.5% amid French price war (Oct. 28 2015)