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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Altice Europe N.V.    ATC   NL0011333752

ALTICE EUROPE N.V.

(ATC)
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REFILE-EXCLUSIVE-Portugal telcos won't use Huawei for core 5G networks though no gov't ban

07/30/2020 | 07:32am EST
Huawei headquarters building is pictured in Reading

LISBON, July 30 (Reuters) - NOS, Altice and Vodafone, which dominate Portugal's market, said they will not use Huawei's technology in their 5G core networks despite the government not banning the Chinese giant from the critical infrastructure.

A NOS spokeswoman said the company "will not have Huawei equipment in its core network" and will choose the "best partners" for each of the network's components.

A Vodafone Portugal spokeswoman said the company will not use it, either.

Altice Portugal CEO Alexandre Fonseca said the same in March. The company said this remained their position.

Infrastructure Minister Pedro Nuno Santos confirmed to Reuters that he "heard Huawei would be left out" but added: "It has nothing to do with the options or impositions of the Portuguese government, which in this matter is absolutely aligned with the European orientation."

"We have no 'a priori' issues with any manufacturer," Nuno Santos said, revealing that a group created by the Portuguese government to assess risks and cybersecurity issues relating to 5G had completed its work and not drawn any conclusions directed against any particular supplier.

Huawei did not immediately reply to a request for comment. (Reporting by Sergio Goncalves; Editing by Ingrid Melander and Jason Neely)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. 0.96% 4.5 Delayed Quote.-21.71%
ERICSSON AB 1.73% 106.15 Delayed Quote.30.15%
NOKIA OYJ 0.75% 3.418 Delayed Quote.3.70%
NOS, SGPS, S.A. 2.56% 3.2 Delayed Quote.-33.33%
SAMSUNG ELECTRONICS CO., LTD. 2.10% 68000 End-of-day quote.21.86%
VODAFONE GROUP PLC -0.62% 124.9 Delayed Quote.-14.90%
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More news
Financials
Sales 2020 14 939 M 17 883 M 17 883 M
Net income 2020 -264 M -316 M -316 M
Net Debt 2020 31 511 M 37 720 M 37 720 M
P/E ratio 2020 -21,5x
Yield 2020 -
Capitalization 5 384 M 6 437 M 6 445 M
EV / Sales 2020 2,47x
EV / Sales 2021 2,35x
Nbr of Employees 45 409
Free-Float 45,3%
Chart ALTICE EUROPE N.V.
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Altice Europe N.V. Technical Analysis Chart | ATC | NL0011333752 | MarketScreener
Technical analysis trends ALTICE EUROPE N.V.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 5,52 €
Last Close Price 4,50 €
Spread / Highest target 256%
Spread / Average Target 22,7%
Spread / Lowest Target -11,1%
EPS Revisions
Managers
NameTitle
Alain Phillippe Romain Weill Chief Executive Officer & Executive Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
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