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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Altice Europe N.V.    ATC   NL0011333752

ALTICE EUROPE N.V.

(ATC)
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France launches procedure for 5G licences

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12/17/2019 | 01:45pm EST
FILE PHOTO: A 5G sign is pictured at the Orange Business Summit in Paris

The French government said on Tuesday it had launched a procedure for assigning 5G frequency licences after it approved specifications proposed by the communications regulator and the financial conditions for the licences.

The government said in a statement it had fixed the price of a bloc of 50 MHz at 350 million euros ($386 million), and the price of an additional bloc of 10 MHz at 70 million euros.

Junior Economy Minister Agnes Pannier-Runacher said in the statement that the government and French telecoms regulator Arcep had designed a mechanism that makes it possible to sell 50 MHz basic blocs at a fixed price to telecom operators.

In return, operators have strong obligations to deploy their network across the French territory, she said.

"These 5G coverage commitments are much more ambitious than in other European countries and will in future constitute a strong element of our country's competitiveness," she said.

The minister said last month that the 5G spectrum would be sold at a floor price of 2.17 billion euros.

Arcep said in a separate statement that it would use frequencies in the 3.4-3.8 GHz band and the total allocation would be for 310 MHz of spectrum.

It said it would include four blocs of 50 MHz at a price of 350 million euros, and the rest would be blocs of 10 MHz at 70 million euros each.

Arcep added that payments for the 50 MHz blocs could be staggered over 15 years, and payments for the 10 MHz over four years.

Disagreements between France's finance ministry and the telecoms authority over the spectrum to be auctioned and the minimum price for the blocs had caused concerns that the process could be delayed. ($1 = 0.9073 euro)

(Reporting by Bate Felix in Paris; Editing by David Evans, Matthew Lewis and Giles Elgood)

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. -1.63% 6.386 Delayed Quote.11.10%
BOUYGUES -0.70% 40.91 Real-time Quote.8.00%
ILIAD -0.59% 135.3 Real-time Quote.17.09%
ORANGE -0.04% 13.435 Real-time Quote.2.40%
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Financials (EUR)
Sales 2019 14 734 M
EBIT 2019 4 302 M
Net income 2019 1 886 M
Debt 2019 34 424 M
Yield 2019 -
P/E ratio 2019 4,29x
P/E ratio 2020 -45,1x
EV / Sales2019 2,85x
EV / Sales2020 2,76x
Capitalization 7 621 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 6,89  €
Last Close Price 6,39  €
Spread / Highest target 151%
Spread / Average Target 7,90%
Spread / Lowest Target -43,6%
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Managers
NameTitle
Alain Weill Chief Executive Officer & Executive Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
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