Patrick Drahi


Patrick Drahi becomes biggest BT shareholder in £2.2 billion purchase

Patrick Drahi has acquired a 12.1% stake in BT for more than £2 billion. Via the creation of a new Altice UK brand, the Altice Group boss has invested £2.2 billion in the British telco to become its largest shareholder. Altice confirmed the stake – a total of 1.2 billion shares – had been acquired […]

Patrick Drahi takes full control of Altice Europe

Media and telecom entrepreneur Patrick Drahi has acquired full control of Altice Europe. Drahi’s launch of a public offer for shares in the company he founded has enabled him to up his stake in it from 77.6% to just over 92%. The move means that the telecom entrepreneur will be able to delist the company […]

Patrick Drahi gets green light to take Altice Europe private

Telecom tycoon Patrick Drahi has received a green light to take Altice Europe private from company shareholders. An EGM on January 7 approved resolutions that enable Drahi to take control of the company and delist it from the Amsterdam stock exchange. Drahi, who holds 77.6% of Altice Europe, secured a yes vote to his offer […]

Drahi launches public offer to take Altice Europe private

Altice Europe boss Patrick Drahi has launched his planned public offer to take the company private. The company, which operates networks and media in France, Portugal and Israel, is currently quoted on the Amsterdam exchange. Drahi is offering €4.11 a share for Altice Europe stock, representing a premium of 23.8% over the September 10 closing […]

Altice Europe turns in solid Q1 performance

Altice Europe has turned in what founder Patrick Drahi was able to describe as “a solid performance…against this challenging backdrop” in the quarter to March. The company saw its revenues grow by 3.6% or 3.1% on a constant currency basis to €3.5 billion. EBITDA was up by 1% to €1.3 billion. Revenue was up in […]

Altice founder Drahi purchases Sotheby’s

Telecom tycoon and founder of Altice, Patrick Drahi, has made a shock move into the art world by purchasing London auction house Sotheby’s for £2.9 billion (€3.37 billion). This marks the first time in 31 years that the historic company has been privately owned. “I am honoured that the board of Sotheby’s has decided to […]

Altice Europe strikes €1.8bn FTTH deal to create ‘leading wholesaler in Europe’

Altice Europe is to sell half of its French fibre-to-the-home business, bringing €1.8 billion in cash to SFR. AlticeFrance has entered into an exclusive agreement with a consortium comprising Allianz Capital Partners, AXA Investment Managers – Real Assets and OMERS Infrastructure to sell a 49.99% stake in SFR FTTH in a deal that gives the […]

Altice sees subscriber recovery but revenue and earnings tumble

Altice Europe saw a recovery in its subscriber numbers in France in the quarter to September but at the cost of a reduction in revenue and profitability. Altice hailed a strong commercial performance and headlined “more than one million customers won back in France” in its results release. The operator added 52,000 fixed broadband customers […]

Altice ‘planning to sell’ stake in fibre business

Cable and telecom group Altice Europe plans to sell a stake in its fibre infrastructure in its latest drive to reduce its indebtedness, according to local reports. According to French financial daily Les Echos, the new fibre joint venture could be worth over €3 billion. In addition to reducing the company’s debt pile, securing investment […]

Altice bounces back with subscriber gains

Altice France bounced back in operational terms in Q1, growing its base for the first time since Altice took control of SFR. The group added 71,000 net new customers compared with a loss of 35,000 for the same quarter last year. Altice France added 96,000 new fibre customers, boosted by higher additions and much reduced […]

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