Altice Europe beats forecasts boosted by customer wins

Telecoms and cable group Altice Europe beat quarterly core profit forecasts on Thursday, as it added French mobile and residential fibre customers, offsetting lower media revenues.

The multinational group’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the third quarter rose 5.1% from a year earlier to 1.48 billion euros ($1.75 billion), on revenues edging 3.2% up, both ahead of analyst estimates.