Wed 04/24/2024 11:22 AM
Relevant Documents:
Q4 Report
Q4 Presentation
Q4 Press Release
Altice France has a mountain to climb to reach its revised target of reducing net leverage to below 4x, which would provide it with an about 1.5x equity cushion based on Reorg’s estimated 5.5x EV multiple for the group. While the company’s €4 billion plus of expected sale proceeds provides it with options, the path to the revised target is not clearcut. In...
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