New Street: Altice (Buy) Q1 20: New €1bn FCF guidance for medium-term
Altice has reported a slightly weak set of Q1 results with EBITDA missing by -1.5%. Despite (or because of) this, Altice has given a new FCF target for the medium-term (3 years +/-) of €1bn.
Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.
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