Europe compensates for Altice' US subscriber losses in 2Q 2016
Tuesday, August 9th, 2016Altice 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
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