Sub-scale Numericable?

13 November 2013

Following its return to revenue growth, France’s sole cable operator has merged with its B2B sister Completel and was floated on the Paris Bourse on 8 November

Numericable wants to cling to the momentum behind the European cable sector – but, due to its limited scale in a mature market, it has lower growth potential than its peers

Guidance given to investors for modest revenue and profit increases is credible, but Numericable faces the strategic challenge of Orange’s fibre upgrade which, in our view, calls for a partnership with a bigger altnet

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