Patrick Drahi


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 […]

Drahi takes charge as Altice moves to spin off US operation

Altice is to spin off its US operation and restructure its European and pay TV assets in a major reorganisation that saw its share price rise sharply. Company founder Patrick Drahi will take direct control of both European and US operations. Altice is to separate Altice USA from the parent company by spinning off its […]

New chief for Portugal Telecom

Alexandre Fonseca (pictured) has been named as executive president of Portugal Telecom by the operator’s owner, Altice. Fonseca was previously CTO at Portugal Telecom. Claudia Goya, who was appointed to take over management at the operator earlier this year, will transition to the role of chairwoman of PT Portugal, while Paulo Neves is to leave […]

Altice to de-lever, promises no new M&A as it seeks to end share slide

Altice has confirmed that it plans to de-lever its balance sheet and bring leverage down in line with or below its targets over time. It said it would not pursue “any new meaningful M&A opportunities” and would dispose of non-core assets, including its transmission tower portfolio. Altice said it had taken action to kick off […]

Altice’s shares slide as management change fails to boost confidence

Altice’s shares have continued to fall precipitously following the management changes implemented by the company’s founder Patrick Drahi last week. The cable and telecom group’s Amsterdam-quoted shares tumbled by a further 13.17% yesterday, meaning that its stock had fallen by about 40% since the publication of disappointing Q3 results on November 2. Altice’s shares have […]

Drahi steps in as Altice CEO resigns after share price nose-dives

Michel Combes has resigned as Altice chairman and CEO following the company’s worse-than-expected quarterly results last week. Altice’s share price sank by a over a quarter following the results that highlighted a poor performance by French unit SFR in particular and spooked investors concerned about the company’s debt level. Combes having fallen on his sword, […]

Altice ‘looking at Charter bid’

Altice and its US offshoot Altice USA are in the initial stages of putting together an offer to acquire number two US cable operator Charter Communications, according to various reports. According to CNBC, which first reported the move, citing unnamed sources, Altice is working with banks to finance a possible deal, which would involve a […]

Altice boss Drahi reportedly preparing US IPO registration

Altice boss Patrick Drahi is preparing to kick of the process of floating a minority stake in his US operation by the end of this month, according to French press reports. According to financial daily Les Echos, Altice is preparing to publish its IPO registration by the end of April ahead of the flotation of […]

Altice to invest in original series, will launch new services in US

Altice founder Patrick Drahi plans to produce original series in France from next year that he hopes to distribute globally via the company’s distribution networks to its 46 million subscribers. Speaking to journalists in New York on the completion of Altice’s acquisition of Cablevision, Drahi said that he believed Altice Media could create series for […]

1 2 3