SFR facing the specter of its debt
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The group puts its “nuggets” forward, to reassure the financial markets.
The news did not go unnoticed in the torpor of summer. On August 23, Grégory Rabuel gave up his place as CEO of SFR and from Altice France to Mathieu Cocq. A departure as abrupt as it is discreet, marking a new change of direction at the head of the second French telecom operator. This sixth change since 2014, when SFR was bought by Numericable, owned by Patrick Drahi, brings its share of questions. Does the situation of the company justify this change?
On paper, however, commercial dynamism seems to be there. In the second trimester, SFR posted a turnover up by 4.5%, to 2.8 billion euros, and a gain of 1.3 million customers for its mobile offers over three months. It would be forgetting a little quickly that 700,000 of these new subscribers come from the acquisition of the virtual mobile operator (MVNO) Syma.
Read also The new equilibrium of the French telecoms market
They are added to the 1.5 million customers gained over the past year, thanks to the successive takeovers of two other MVNOs, Prixtel, etc.
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