Altice N.V. provided earnings guidance for the year 2018. For the full year 2018, Altice Europe post-split on the new perimeter is expected to generate an operating free cash flow of EUR 2.4 billion to EUR 2.6 billion, excluding the Altice TV segment. As previously announced, Altice France is expected to generate operating free cash flow of EUR 1.6 billion to EUR 1.7 billion, which includes approximately EUR 300 million of annual pay TV content expenses and reflects EUR 200 million of revenue drag related to the changes to the VAT law in France. For Altice USA, the company expects total revenue growth of around 2.5% to 3% compared to 2017. The company expects annual CapEx to be around EUR 1.3 billion in 2018, including all of the new growth projects outlined. The company confident to expand both Altice Europe and Altice USA adjusted EBITDA and cash flow margins.