Altice shows signs of recovery in Europe

first_img Author Altice founder looks to take company private Altice noted it is seeing performance improvements in the French market and confirmed plans to sell its towers in France and Portugal by the end of Q2 2018 as part of its plan to cut debt.It said in Q4 2017 both its mobile and fibre businesses in France experienced the best quarterly performance in two years, in terms of new subscribers added. Its mobile postpaid customer base in the country increased by 80,000 in Q4 2017 and by 199,000 for the full year, marking “a significant improvement” compared to 2016, it said in its earning statement.Altice’s 2017 total revenue was €23.43 billion while its Europe business brought in revenue of €14.72 billion. Net debt for Altice Europe stood at €30.85 billion at the end of Q4 2017.These results are the last annual figures to be announced before Altice separates its US business and creates a new structure for its struggling European operations, in a company-wide shake-up intended to help curb a recent slump in performance.Dexter Goei, president of the board, said that 2017 had been “the year of integration and execution” for the company.“In 2018 and beyond, we will remain very focused on investing for growth in innovation, superior service and advanced networks to deliver a more robust and differentiated product portfolio to meet customers’ needs,” he said in the earnings statement.Meanwhile CFO Dennis Okhuijsen said the company hoped to sign a deal on the sale of its telecommunications towers assets in the second quarter of 2018. He said the assets had garnered strong interest from more than 10 parties, including private equity firms and telecoms industry players.Earlier this week it was reported American Tower and private equity company KKR reportedly made separate bids to acquire Altice’s telecoms towers.Altice also continued its drive to dispose of non-core assets by entering into an agreement to sell its international voice business. Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more Altice AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 MAR 2018 Related Saleha Riaz Home Altice shows signs of recovery in Europe Cellnex compra las torres de Altice por 5.200 millones Shareholders approve Altice Europe buyout move Tags Previous ArticleConnexin drops out of UK spectrum saleNext ArticleAT&T deadline for Time Warner deal in doubt last_img read more

Sprint highlights limits of solo 5G rollout

first_imgHome Sprint highlights limits of solo 5G rollout Sprint is moving ahead with plans to deploy 5G service in nine cities in the first quarter of 2019, but warned its next generation network won’t extend outside of metropolitan areas if its proposed merger with T-Mobile US fails.In a filing with the US Federal Communications Commission (FCC) responding to criticism of the deal from Dish and others, Sprint said it lacks the low-band spectrum resources to push 5G capabilities beyond cities. Without the benefit of T-Mobile’s 600MHz spectrum and rural tower sites, CTO John Saw noted Sprint’s 5G network will be limited to urban areas “for the foreseeable future”.“Sprint must continue to devote its 800MHz and 1.9GHz spectrum to our 4G LTE and 3G CDMA networks, and will use these spectrum bands for 4G LTE beyond 2024. Sprint’s 5G service, therefore, will only utilise our 2.5GHz spectrum.”Due to the limited propagation characteristics of the 2.5GHz band, Saw added the operator has “no current plans or capability to make Sprint’s 5G network blanket the entire geography of the United States or to cover as many areas of the country as New T-Mobile’s network”.All told, Saw said Sprint expects its standalone 5G sites to have around 150 million POPs by 2020, around half of the 302 million current POPs.Dish and others have accused Sprint and T-Mobile of overselling the benefits of their proposed merger in their public interest filing with the FCC. Dish pointed to T-Mobile and Sprint’s previously announced plans to launch 5G services on their own as evidence the merger isn’t necessary. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 21 SEP 2018 Nokia scores Philippines 5G deal with Dito Author Mobile Mix: Buzzing for Barcelona Previous ArticleInterview: AT&TNext ArticleT-Mobile plots in-home broadband play Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more center_img Telkomsel turns on 5G in major cities Diana Goovaerts Related Tags Asia 5GSprintlast_img read more