Shares in Altice NV, the acquisitive global telecoms group that is fighting to shore up investor support, dropped more than 7 per cent on Wednesday, as analysts focused on a revenue warning that overshadowed plans to break up the company.
The share price decline highlights the debt-laden companys challenge in seeking to convince investors that it can move beyond cost-cutting and increase sales, particularly at its largest unit, SFR in France.
Analysts attributed the share price move to comments from Dennis Okhuijsen, Altices chief financial officer, who told an analysts call on Tuesday …
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