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

ALTICE EUROPE N.V.

(ATC)
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French state to raise 2.8 bln euros from 5G spectrum sale

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10/01/2020 | 12:58pm EDT

PARIS, Oct 1 (Reuters) - The French state will receive about 2.8 billion euros ($3.3 billion) in proceeds from the sale of the country's 5G spectrum sale following an auction that ended on Thursday, the country's telecoms regulator said.

The sale, overseen by telecoms regulator Arcep, caps a year-long process for mobile carriers Orange, Altice Europe's SFR, Bouygues Telecom and Iliad . The four companies are competing for the acquisition of 11 blocks of 10 Megahertz (MHz), or 110 MHz.

Following 17 rounds over three days, the cost of a single block reached a final price of 126 million euros on Thursday, Arcep said, confirming an earlier report by Reuters.

This brings the total price for the whole spectrum to 2.8 billion euros, which is 630 million euros more than the floor price the government had set.

The sale comprised a total of 310 Megahertz (MHz). The government had already agreed to sell a block of 50 MHz to each telecoms operator for 350 million euros, or 1.4 billion euros in total.

The remaining 110 MHz that were on sale reached a final price of 126 million euros per block on Thursday, bringing the total amount yielded from the auction to 1.39 billion euros.

Orange was attributed four blocks, followed by SFR (3 blocks), Bouygues Telecom (2 blocks) and Iliad (2 blocks), Arcep said.

($1 = 0.8517 euros) (Reporting by Mathieu Rosemain Additional reporting by Gwénaëlle Barziz Editing by Sarah White and David Evans)


Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. 0.02% 4.196 Delayed Quote.-27.02%
BOUYGUES -5.44% 28.18 Real-time Quote.-21.33%
ERICSSON AB -1.66% 103.5 Delayed Quote.29.05%
ILIAD S.A. 1.39% 164.55 Real-time Quote.40.46%
ORANGE -2.03% 9.168 Real-time Quote.-28.67%
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Financials
Sales 2020 14 922 M 17 621 M 17 621 M
Net income 2020 -136 M -161 M -161 M
Net Debt 2020 31 404 M 37 083 M 37 083 M
P/E ratio 2020 -20,7x
Yield 2020 -
Capitalization 5 152 M 6 088 M 6 083 M
EV / Sales 2020 2,45x
EV / Sales 2021 2,33x
Nbr of Employees 45 409
Free-Float 45,8%
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Mean consensus HOLD
Number of Analysts 16
Average target price 5,36 €
Last Close Price 4,20 €
Spread / Highest target 281%
Spread / Average Target 27,7%
Spread / Lowest Target -35,6%
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Managers
NameTitle
Alain Phillippe Romain 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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