Altice NV: Third Quarter 2016 Pro Forma Results

ALTICE N.V. - THIRD QUARTER 2016 PRO FORMA RESULTSBest momentum across Altice Group since IPO - execution focus and investments in networks and convergence are paying off: Return to revenue growth with all major markets contributing to improvement, expanding margins, growing cash flow...

London, 10/11/2016 (informazione.it - comunicati stampa - telecomunicazioni)

      

: "We are extremely pleased to see our focus on execution is paying off, delivering substantially better revenue and financial performance across all our major markets including US, France and Portugal. The efficiency savings we are achieving are fueling higher investment in infrastructure and content, and improving customer experience, which is now driving the growth of our business. Altice has fully transformed into a leading transatlantic, converged telecoms and media company and quarter after quarter we find ourselves in a stronger position.

Altice USA with Optimum and Suddenlink has seen a further acceleration in revenue growth while simultaneously improving margins materially, driven by accelerated investments in upgrading our networks and services.

Altice France with SFR is progressing with our innovative strategy based on the convergence of telecoms, media, content and advertising, enabling us to offer more and more value to our customers. We are in the middle of our transformation of SFR and remain confident performance will continue to improve significantly from here. Our fiber expansion and accelerated 4G/4G+ network investment program is putting us in a prime position to return quickly to sustainable growth.

Altice Portugal with MEO returning to growth for the first time since 2008 allows us to continue to invest to reach the whole country with fiber services by 2020.

All of which shows Altice is able to achieve efficiency savings, invest massively and grow at the same time which we will continue to focus on across the whole Group."

Nick Brown: +41 79 720 1503 / nick.brown@altice.net

Arthur Dreyfuss: +41 79 946 4931 / arthur.dreyfuss@altice.net

The company will host a conference call and webcast today to discuss the results at 7.30pm CET (6.30pm UK time, 1.30pm EST)

Webcast live: http://edge.media-server.com/m/p/jvcurypz

Dial-in access telephone numbers:

France: +33 1 76 77 22 75

UK: +44 203 043 2002

USA: +1 719 325 2202