September 11, 2017 / 7:06 AM / 10 months ago

Head of French telecoms arm SFR to leave job

PARIS, Sept 11 (Reuters) - SFR Chief Executive Michel Paulin will leave his job for “personal reasons”, the French telecoms company said on Monday.

SFR, which is part of the Altice telecoms and cable group founded by French billionaire Patrick Drahi, said in a statement that the position would be overseen in the meantime by current Altice CEO Michel Combes.

SFR, France’s second-biggest operator, has lost more than 1.6 million mobile customers and 500,000 fixed broadband customers since Drahi took control of the company three years ago, hampered by a late ramping up of crucial investments in its networks.

In July, Altice reported a surge in its second-quarter group operating profits that managed to offset lower earnings at the SFR division. (Reporting by Gwenaelle Barzic; Writing by Matthias Blamont; Editing by Sudip Kar-Gupta)

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