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Debt and scandal throw billionaire Patrick Drahi s empire into turmoil • BusinessMirror

At Goldman Sachs’s gleaming Plumtree Court offices in London on September 6, Patrick Drahi pledged something that would once have been unthinkable: His willingness to put every part of Altice, the telecommunications and media giant he cobbled together over 30 years, up for sale. “Everything is open.It’s just a question of offer and demand,” the French-Israeli billionaire told

Debt and Scandal Throw Billionaire Drahi s Empire Into Turmoil

Debt and Scandal Throw Billionaire Drahi s Empire Into Turmoil
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Altice Co-Founder Pereira Can Be Released on Bail, Lawyer Says

A Portuguese judge decided that Altice co-founder Armando Pereira, who is currently under house arrest, can be released on €10 million ($10.6 million) bail, one of Pereira’s lawyers said.

Debt and Scandal Throw Billionaire Drahi s Empire Into Turmoil

(Bloomberg) At Goldman Sachs’s gleaming Plumtree Court offices in London on Sept. 6, Patrick Drahi pledged something that would once have been unthinkable: His willingness to put every part of Altice, the telecommunications and media giant he cobbled together over 30 years, up for sale.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapNobody Wants Mutual Funds NowAn Oil Giant Quietly Ditched the W

Drahi approaches French rivals for SFR deal

PARIS: Billionaire Patrick Drahi has made approaches through a banker to sound out French telecom competitors Bouygues and Free about a possible deal with his SFR operator that would consolidate the nation’s mobile phone sector, according to La Tribune.

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