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a altice May 20 , 2021 ALTICE FRANCE HOLDING RESTRICTED GROUP Q1 2021 RESULTS Altice France Holding Restricted Group¹ today announces financial and operating results² for the quarter ended March 31 , 2021 . Q1 2021 Key Highlights • • Total revenue grew by + 2.9 % YoY in Q1 2021 and Telecom revenue grew by + 3.6 % YoY in Q1 2021 . Residential service revenue , excluding roaming , grew by + 2.8 % YoY in Q1 2021. Total residential revenue grew by + 4.0 % YoY in Q1 2021 . • Total EBITDA grew by + 0.7 % YoY in Q1 2021 and Telecom EBITDA grew by + 0.8 % YoY in Q1 2021 . • Total accrued capital expenditure was € 581³ million in Q1 2021. Consequently , operating free cash flow amounted to € 358 million in Q1 2021 . Guidance Reiterated • • FY 2021 : revenue , EBITDA and operating free cash flow growth YoY . Mid - term : full - year organic free cash flow target of > € 750 million , underpinned by EBITDA and operating free cash flow growth , as well as further reduction in cash interest costs ( at least € 150 million further savings ) . Target leverage of 4.5x net debt to EBITDA . 1 Altice France Holding S.A. holds 100 % less one share of Altice France S.A. , and Altice Luxembourg S.A. holds 100 % of Altice France Holding S.A. and one share of Altice France S.A. The perimeter of consolidation for this press release , the Altice France Holding Restricted Group , consists of Altice France Holding S.A. , Altice France S.A. and its consolidated entities , excluding legal entities that have been declared as ' unrestricted subsidiaries ' , notably SportsCoTV S.A.S , the company that houses the Altice TV activity , as well as Altice Finco France S.A.S. 2 Financials are shown pro forma for the Hivory transaction ( Altice France announced it had entered into an exclusivity agreement to sell its 50.01 % stake in Hivory to Cellnex on February 3 , 2021 ) ; financials exclude the newspaper Libération ( following disposal on September 3 , 2020 ) . 3 Accrued capital expenditure excludes accruals related to the acquisition of a new IRU for an amount of € 183 million , the renewal of the 2G licences in March 2021 for an amount of € 212 million , and 5G spectrum frequency reorganization for an amount of € 7m . These amounts , in aggregate € 402 million , remain unpaid as of March 31 , 2021 , with no cash impact in the first three months ended March 31 , 2021 . 4 Excludes spectrum and significant litigation paid and received . 1