Patrick Drahi

Alcatel Lucent chief to take Numericable presidency, global Altice role

Altice chief Patrick Drahi has appointed Alcatel-Lucent chief executive Michel Combes as president of Numericable-SFR and global director of operations at Altice itself, and he will join the telecoms group next month, according to Le Figaro. According to the paper, Drahi has offered Combes, with whom he has a longstanding friendship, a position tailored to […]

Vivendi exits Numericable-SFR with €2 billion payment

Vivendi has received €1.974 billion from Patrick Drahi’s investment group Altice in part-payment for Vivendi’s residual 20% stake in French cable and telecom operator Numericable-SFR. The payment represents the balance of the purchase price for the stake agreed between the pair when they struck their deal to transfer the stake in February, and marks the […]

Drahi “not ready” for TWC deal, but plans further US expansion

Altice boss Patrick Drahi has said he was “not ready” to make a bid for Time Warner Cable as part of his international expansion plans after a two-hour discussion with Time Warner Cable CEO Bob Marcus. Speaking at a French national assembly hearing yesterday, Drahi said such a large acquisition was a step too far […]

Malone trumps Drahi to strike merger deal with Time Warner Cable

Cable magnate John Malone-backed US cable operator Charter Communications has struck a deal to merge with Time Warner Cable and acquire US number six cable operator Bright House Networks in a deal that values Time Warner Cable at US$78.7 billion (€71.6 billion).  Charter is to pay US$195.71 a share, representing a premium of about 14% […]

Cable investor Drahi in talks to buy L’Express

Cable and telecom networks investor Patrick Drahi is in exclusive talks to acquire French weekly news magazine L’Express and other titles owned by Belgian publisher Roularta, with a deal possible in the next few days, according to French business title Les Echos.  Drahi, who masterminded French cable operator Numericable’s acquisition of larger mobile rival SFR […]

Drahi reportedly in exclusive talks to buy Portugal Telecom

French cable and telecom investor Patrick Drahi has reportedly entered into exclusive talks to buy Portugal Telecom’s domestic assets after tabling at €7.4 billion bid. According to French financial daily Les Echos, Drahi’s Altice investment vehicle has entered into exclusive talks with Brazil’s Oi to buy the Portuguese telco. The paper said that Altice had […]

Altice open to acquiring Bouygues Telecom

Altice could be open to acquiring French service provider Bouygues Telecom, according to the Patrick Drahi investment vehicle’s CEO, Dexter Goei, cited by Dow Jones Newswires. Goei, speaking at a Morgan Stanley conference in Barcelona, said that there was a great potential to realise synergies between the two companies. Goei said Altice would not need […]

French minister gives green light to Numericable-SFR acquisition

French economy minister Emmanuel Macron has given a green light to Numericable’s acquisition of SFR. The move was necessary thanks to a decree signed by his predecessor, Arnaud Montebourg, in May that made foreign investments in certain strategic industries subject to government approval.  The ministry confirmed to French press that approval had been given, but […]

Altice tables €7 billion bid for Portugal Telecom

Fresh from securing regulatory acceptance of Numericable’s takeover of SFR, telecoms investor Patrick Drahi’s Altice vehicle has made a binding offer to acquire Portugal Telecom’s domestic Portuguese business with a value of €7.025 billion on a cash and debt-free basis.  The assets being bid for comprise the existing business of Portugal Telecom outside of Africa […]

Altice-Numericable in talks to buy Portugal Telecom

Just ahead of his imminent acquisition of French telco SFR, cable operator Numericable’s owner Patrick Drahi has turned his attention to Portugal Telecom as his next major target, according to various reports.  Drahi’s investment vehicle Altice is in talks to acquire Portugal Telecom, and may be the only candidate in play, according to a source […]