Altice Europe N.V. (ATUS) 2019年年度报告「NYSE」.pdf

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1、 Altice Europe N.V.Annual Report 2019 Oostdam 1 3441 EM Woerden The Netherlands 1 Letter from the CEO Dear shareholders,2019 was another transformational year for Altice Europe.Financial results showed a significant improvement,with revenue,EBITDA and operating cash flow growth for Altice France,Alt

2、ice International and Altice Europe overall.The strong financial performance achieved in 2019 was underpinned by the results of the operational turnaround initiated in 2018.The Group has continued to improve the customer experience and maintained its investment strategy focused on having best-in-cla

3、ss fixed and mobile networks.The Group announced and closed several transactions in 2019 including notably the sale of a 49.99%equity stake in SFR FTTH in France in March 2019 and the agreement signed with Morgan Stanley Infrastructure Partners to create a nationwide fibre wholesaler in Portugal in

4、December 2019.We have continued to focus on deleveraging Altice Europe,through growing revenues and EBITDA in addition to supplementing this with disposal proceeds.Building on the strong execution achieved during 2019,we will deleverage the Group further in 2020.I would like to summarize some of our

5、 achievements for 2019.1.INFRASTRUCTURE STRATEGY The Groups portfolio of infrastructure assets continued to grow in 2019 and effectively constitutes one of the largest telecom infrastructure groups in Europe today.1.1 Fixed network:fibre 1.1.1 France(SFR)Altice France,as both an infrastructure opera

6、tor and a commercial operator on proprietary and open networks,is committed to build the future of very high-speed broadband in France.Altice France continues to invest heavily and deploy its proprietary very high-speed infrastructure.Altice France accelerated its deployment of fibre in 2019.Altice