Altice First-Quarter Earnings Stall as French Unit Struggles

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  • Adjusted Ebitda rose less than 1 percent to 1.62 billion euros
  • French division Numericable-SFR facing stiff competition

Altice NV, billionaire Patrick Drahi’s phone investment empire, reported stalling first-quarter earnings as sales at its French business declined amid competition from rivals including Iliad SA and Bouygues Telecom.

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