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

ALTICE EUROPE N.V.

(ATC)
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Orange CEO says EU authorities are open to pan-European telecoms mergers

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12/04/2019 | 05:11am EST

The European Union's top antitrust policymaker, Margrethe Vestager, is open to the idea of pan-European mergers in the telecoms market, Orange's boss Stéphane Richard said on Wednesday.

Richard said he met Vestager, the EU's competition commissioner, along with his counterpart at Deutsche Telekom last Monday. Her tough approach toward competition rules led to the collapse of several mergers and the creation of new players in several national telecoms markets.

"We should not expect any major inflexion in the EU commission's approach toward in-market consolidation," Richard told analysts in Paris.

"But at the same time, she told us very clearly that she was very strongly in favour of network sharing and network consolidation, which is a form of consolidation."

He added: "The second point is that she told us that everything that is pan-European will be strongly supported by the EU Commission."

Richard reiterated there were no talks of any kind going on with Deutsche Telekom over a potential merger, following renewed market rumours for such a deal.

(Reporting by Mathieu Rosemain; Editing by Sudip Kar-Gupta)

Stocks treated in this article : Bouygues, Orange, Iliad, Deutsche Telekom AG, Altice Europe N.V.
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. 0.82% 6.158 Delayed Quote.6.26%
BOUYGUES 1.58% 38.51 Real-time Quote.0.08%
DEUTSCHE TELEKOM AG 0.55% 14.76 Delayed Quote.0.76%
ILIAD -1.63% 121 Real-time Quote.6.45%
ORANGE 0.23% 13.06 Real-time Quote.-0.69%
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Financials (EUR)
Sales 2019 14 727 M
EBIT 2019 4 319 M
Net income 2019 1 898 M
Debt 2019 31 096 M
Yield 2019 -
P/E ratio 2019 4,07x
P/E ratio 2020 -38,0x
EV / Sales2019 2,61x
EV / Sales2020 2,52x
Capitalization 7 295 M
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Technical analysis trends ALTICE EUROPE N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 6,62  €
Last Close Price 6,11  €
Spread / Highest target 162%
Spread / Average Target 8,31%
Spread / Lowest Target -41,1%
EPS Revisions
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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