Altice France Due Diligence

Run due diligence on Altice France: check compliance and get alerts when suppliers change.

France · www.alticefrance.com · 6 vendors

Altice France S.A. is a major telecommunications company in France, operating through its main brand SFR. It provides a comprehensive range of fixed, mobile, fiber, and ADSL telephony services. These services include digital and analog television, high-speed internet, and broadband digital telecommunications platforms for individuals, businesses, operators, and local authorities.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 6 sub-vendors.

Insights

Last updated 2026-08-07 · revision 1

6 direct vendors, 99 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

9 in-scope frameworks identified; showing 3.

CSRD (source) — No public evidence

Evidence: https://static.s-sfr.fr/AlticeFrance/publications/Investors/Esg/2025/sfr-alticefrance-dpef-2024-en-250429.pdf, https://alticefrance.com/investors/esg-english.html

French Electronic Communications Regulatory Framework — Evidence found

Evidence: https://static.s-sfr.fr/AlticeFrance/publications/Investors/Esg/2025/sfr-alticefrance-dpef-2024-en-250429.pdf, https://alticefrance.com/activites/telecoms/

ISAE 3000 (source) — Evidence found

Evidence: https://static.s-sfr.fr/AlticeFrance/publications/Investors/Esg/2025/sfr-alticefrance-dpef-2024-en-250429.pdf, https://alticefrance.com/investors/esg-english.html

Financials

Three-year financials

Financial Resilience Score: 4/10

Altice France's financial resilience has improved materially following the October 2025 accelerated safeguard restructuring, which eliminated approximately €8.6 billion of term debt and pushed the weighted average maturity to 5.0 years with no material maturities before 2028. Operating free cash flow grew 5.7% in FY 2025 to €1.4 billion despite revenue decline, reflecting a sharp 23% reduction in capex as the fibre and 5G rollout matures. The pending April 2026 sale of Mainland France telecom activities to a Bouygues/Iliad/Orange consortium at €20.35 billion enterprise value provides a clear deleveraging path. However, the underlying business is deteriorating: revenue fell 8.4% in FY 2025 and 5.6% in FY 2024, EBITDA has declined 21% over two years from €3.7B to €2.9B, and EBITDA margin has compressed from 34.6% to 31.8%. Net leverage remains elevated at 5.3× EBITDA post-restructuring, with a weighted average cost of debt of 7.7%. Historically negative shareholders' equity, structural competitive pressure in the four-player French mobile market, and antitrust risk on the pending sale weigh against resilience. Overall, the company remains financially fragile but has bought time and optionality through restructuring and the announced disposal.

Key strengths: €8.6B debt reduction via October 2025 accelerated safeguard restructuring, No material debt maturities before 2028; 5.0 year weighted average maturity, Operating Free Cash Flow up 5.7% in FY 2025 to €1.4B, Pending €20.35B sale to Bouygues/Iliad/Orange consortium (April 2026), Scale position as #2 French telecom with 41.8M fibre homes passed and ~25M customers, Customer NPS turned positive in 2025 for both fixed and mobile

Risk factors: Revenue declining sharply (-8.4% in 2025, -5.6% in 2024), EBITDA down 21% over two years; margin compression from 34.6% to 31.8%, High leverage remains at 5.3× net debt/EBITDA post-restructuring, Weighted average cost of debt of 7.7%, Historically negative shareholders' equity, Mobile service revenue down 11.2% in FY 2025 due to pricing pressure, Antitrust/regulatory risk on the three-way sale to competitors, Structural competition from Free/Iliad in four-player French mobile market

Revenue by geography

Revenue by product/service

Workforce by country

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