Altice France Q3 2023 preview: How bad could it be?
Iliad reported results last week, and in our Q3 comment we showed some analysis looking at possible implied SFR growth rates and net adds given that everyone but SFR has reported (HERE). In this report, we update that analysis to show a sensitivity to different market growth rates and how SR might drop through to EBITDA. Numbers are sensitive, and there are lots of caveats, but it doesn’t look good for SFR. Altice France reports on the 22nd November.
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- Pan European Telecom Services and Cable
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