Q1 revenues were down by 6.1% yoy, while the EBITDA declined surprisingly by 9% yoy with the margin contracting by 1.1ppt due to heavy promotional activity. In parallel, note on 27 April 2016, SFR announced the acquisition of Altice’s 49% minority stake in NextRadioTV, a French media operator focused on mainstream news, sports, business, high-tech and discovery (including leading brands BFM and RMC); the proposed transaction values NextRadioTV at an EV of €741m. SFR also announced
11 May 2016
A disappointing Q1
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A disappointing Q1
- Published:
11 May 2016 -
Author:
Jean-Michel Salvador -
Pages:
2
Q1 revenues were down by 6.1% yoy, while the EBITDA declined surprisingly by 9% yoy with the margin contracting by 1.1ppt due to heavy promotional activity. In parallel, note on 27 April 2016, SFR announced the acquisition of Altice’s 49% minority stake in NextRadioTV, a French media operator focused on mainstream news, sports, business, high-tech and discovery (including leading brands BFM and RMC); the proposed transaction values NextRadioTV at an EV of €741m. SFR also announced