Altice France Sees 10% Earnings Decline Amid Debt Restructuring Efforts

Reported about 11 hours ago

Altice France reported a 10% drop in earnings for the third quarter, primarily due to challenges in its business services and mobile divisions, amid ongoing negotiations for debt restructuring. The company's EBITDA fell to €879 million compared to the same period last year, with total revenue down 4.7%. Altice is also struggling with a significant loss of subscribers and is working towards a new debt proposal to address its €23.7 billion net debt.

Source: YAHOO

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