SFR still saw its turnover drop in 2017, but returns to subscribers

2017, year of crisis at SFR

SFR is the last operator to have published its annual results.After Orange, Bouygues Telecom and Free, all of which have published rising sales, only the operator with a red square displays down sales down.

Altice France (SFR and SFR Caraïbes)))))))) generated a turnover of 10.798 billion euros (-1.64%)))))))) and an EBITDA of 4.238 billion euros (+2.74%)))))))) over the year.The telecom part in France remains the black point of the French subsidiary (-2.76% CA)))))))).Debt increases from 600 million to 15.834 billion euros.

Customer leak continues in the last quarter of 2017, even with the relay of packages and fiber internet offers (cable and FTTH)))))))).Thus, SFR has 14.378 million mobile customers (package + prepaid)))))))), down 186,000, and 5.943 million subscribers per box, a drop of 45,000.

80,000 new customers joined SFR in mobile at the end of the year

In detail of mobile customers, the operator has 12.536 million subscribers to a SFR or Red mobile plan.In the last quarter, SFR has returned to 80,000 customers, the best quarterly performance in two years.A skinny consolation.

SFR continues to increase its 4G coverage with 95% coverage of the population while SFR fiber is available in 555,000 new households, or 10.951 million eligible sockets.

In the fixed, SFR has 2.231 million (+69,000)))))))) of very high speed subscribers with fiber (cable or FTTH)))))))).However, the losses are lower and the fiber and packages relays are more active in 2017 than in 2016: - 61,000 Box subscribers and +40,000 fiber;+33,000 mobile subscribers.

Altice in restructuring with separation of the USA from Europe

With the current restructuring, the financial results are also in restructuring.Globally, turnover reaches $ 23.425 billion (-0.05%)))))))) and an EBITDA of 9.387 billion euros (+5%)))))))).Altice USA (+1.09%)))))))) and Altice International, integrated teams, (+26.12%)))))))) bear the group while the SFR group still leads (-1.92%)))))))).Group debt decreases to 50.467 billion euros, down 1 billion.

To prepare future comparison points, the group presents the figures for Altice Europe: a turnover of 14.718 billion euros (-0.42%)))))))) and an EBITDA of 5.785 billion (-0.05%)))))))).European debt increased from 900 million euros to 30.632 billion.

Altice in restructuring with separation of the USA from Europe

At the end of January, Altice announced the separation of activities in the United States (Suddenlink, Optimum, News12,...)))))))) and the rest of the group (SFR, Hot, Meo,...)))))))).Altice shareholders will thus receive Altice USA actions in proportion to their shares in Altice.Ultimately, Altice USA will be independent of Altice.

The group takes the opportunity to reorganize the rest of the group, renamed in Altice Europe. Ainsi, les filiales d’Altice International dans les DOM (SFR Caraïbes)))))))) rejoignent le groupe Altice France, la holding regroupant SFR Telecom, SFR Media et SFR RadioTV (Next RadioTV)))))))).

In addition, Altice has decided to create an independent company, Altice Pay TV, to bring together the TV rights obtained for TV channels in different countries (NBC Universal exclusivity rights, TV rights of the Premier League,...)))))))).It will allow the SFR Sport and Altice Studio channels to be distributed at other distributors (Fransat, Orange, Bouygues Telecom,...))))))))