Patrick Drahi

Drahi goes on offensive as SFR lobbying intensifies

In a sign of intensifying lobbying around the future of French Vivendi-owned mobile and fixed line telco SFR, Patrick Drahi has told Le Figaro newspaper that he has no intention of making large-scale redundancies at the operator and would seek to maintain both SFR’s 8,500 employees and Numericable’s staff of 2,400 if he succeeds in […]

Vivendi confirms Altice approach on Numericable-SFR merger

Vivendi has confirmed that it has been approached by Numericable majority owner Patrick Drahi’s investment vehicle Altice “regarding a potential alliance” between its telecom subsidiary SFR and cable operator Numericable, in which Drahi holds a controlling interest. However, Vivendi said it “has not received any formal offer” and that its supervisory board “will announce a […]

Numericable owner Altice launches IPO

Altice, the investment vehicle of Patrick Drahi and main shareholder of French cable operator Numericable, has debuted on the Amsterdam stock exchange. The company set a base price of €28.25 for its shares, valuing the company at €5.7 billion. Altice is selling 26.5 million new shares along with 19.6 million existing shares owned by Drahi’s […]

Green light for Altice’s Numericable acquisition

The French competition authority has given the green light for the acquisition of cable operator Numericable by minority shareholder Altice, the vehicle of investor Patrick Drahi.  According to the regulator, the acquisition of the operator, which follows Numericable’s flotation on the Paris stock exchange, does not raise any competition issues. Altice currently holds a 40% […]

Altice increases stake in Numericable to 40%

Altice, the investment vehicle of Patrick Drahi, is to take its stake in French cable operator Numericable up to 40% by acquiring 5% each of the holdings of private equity groups Carlyle and Cinven. The move, which follows Numericable’s IPO, will take Altice’s holding from 30% to 40%. Carlyle previously held a 26% stake in […]

Altice to increase Numericable stake

Patrick Drahi’s Altice investment vehicle plans to increase its stake in French cable operator Numericable from 24% to about 30% after its IPO, Drahi has announced. The move will make Altice Numericable’s principal shareholder. According to Reuters, Numericable’s two other shareholders, private equity groups Cinven and Carlyle, will divest a part of their shares during […]