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Altice's Customer Woes In Europe Stoke Concern Ahead Of Its U.s. Foray

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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By Malathi Nayak NEW YORK (Reuters) - Cable and communications company Altice NV is battling subscriber losses and investor impatience on its home turf in Europe, raising concerns it could have a lot on its plate as it gears up to acquire Cablevision Systems Corp and Suddenlink Communications Inc [CQUELS.UL] in the United States. On Wednesday, Altice reported worse-than-expected third-quarter results, sending shares down 10 percent. Investors are worried that Altice's French telecom unit Numericable Sfr PA has been losing mobile customers as it aggressively trims costs.

 

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