Telecom
Altice France Earnings Drop 10% on Business Services, Mobile
- Telecommunications firm loses mobile, fixed subscribers
- Net leverage was 6.8 times earnings for previous 12 months
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Altice France, the embattled telecommunications firm that is in negotiations for a debt restructuring, saw a drop in earnings in the third quarter, dragged by its business services and mobile divisions.
The company’s earnings before interest, taxes, depreciation and amortization was €879 million ($929 million) for the three months through September, a decline of 9.9% from the same period in 2023, the company said in a statement Wednesday. Revenue of €2.5 billion was down 4.7%.