Europe compensates for Altice' US subscriber losses in 2Q 2016

Tuesday, August 9th, 2016 
Altice logo

Altice N.V. (Euronext: ATC NA and ATCB NA) today announces financial and operating results for the quarter and half year ended June 30, 2016.

Having successfully closed the Cablevision acquisition, Altice USA has become the 4th largest cable operator in the attractive and competitive US market.

US (Suddenlink) – Seasonal decline in unique residential customer relationships (8k net losses in Q2), including broadband (-2k) and video customers (-23k), which was better than last year (losses of 13k, 3k and 29k in Q2 2015 respectively).

US (Optimum) – 26k additional broadband RGUs and -2k video RGUs, best video performance for four years.

Israel (HOT) – Cable customer base remains stable (-2k) with recent improvements in churn and quality of service sustained.

Group KPIs – Pay TV Customers (thousands)

                                                                    Dominican  Belgium and  French Overseas
                     France  Portugal  Suddenlink  Optimum  Israel   Republic   Luxembourg      Territories  Total
                     ------  --------  ----------  -------  ------  ---------  -----------  ---------------  -----
End-Q2 16             1,702       421       1,062    2,577     819        132          113               58  6,883
Net adds [3 months]      39        16        (23)      (2)     (3)          2          (3)                1     27

End-Q2 15             1,451       381       1,103    2,637     838        121          116               51  6,698
Net adds [3 months]      69         3        (29)     (16)     (7)          3          (3)                3     22