Altice stabilises revenues in Q3, EBITDA continues higher

(Telecompaper) Altice reported third-quarter revenues flat at EUR 5.89 billion, as growth at its newly acquired US cable operators offset continued declines at its European operations. Synergies and cost reductions after the string of takeovers helped adjusted EBITDA grow 8.3 percent year-on-year to EUR 2.33 billion, and the margin expanded by 3 percent points to 39.5 percent. Operating cash flow, defined as EBITDA minus capex, rose 13.6 percent to EUR 1.38 billion, excluding over EUR 400 millio