Altice - comment

Bouygues released its H1 numbers this morning with their telecom segment performing stronger with net adds in both mobile and fixed categories.  ARPU has increased for both categories and which has driven an increase in both sales and EBITDA margins.  These numbers are stronger than the Orange numbers released earlier in the week highlighting the mixed competitive environment that Altice France operates. 

Separately, analysts on the Orange conference call highlighted the attached report on fibre network quality in the French market, with Altice/XP Fibre networks ranking at the high end for connection failures by network operators.  

Observatoire de la qualité des réseaux en fibre optique - les chiffres au 30 avril 203 (publication le 6 juillet 2023) (arcep.fr)