Drahi: If Altice corruption allegations are true, I feel ‘betrayed’

Patrick Drahi, the billionaire founder and controlling shareholder of Altice International, publicly addressed the corruption allegations that have recently surfaced involving the company's Portuguese operations.

Speaking during a Q2 2023 call for debt investors, Drahi expressed shock and disappointment over the allegations and stated that if proven true, he feels "betrayed and deceived."

The corruption probe, which came to light last month, centres around procurement...

8 August 2023 | 5G

Altice fuels takeover concerns as its BT ownership increases to 18%

BT Tower

Altice, the telecoms group of French billionaire Patrick Drahi, has increased its ownership of BT to 18 percent from 12.1 percent.

Drahi’s growing interest in BT has fuelled concerns amongst the company’s leadership and the UK government, with a Downing Street spokesperson stating the “situation is being monitored carefully”.

The French billionaire, known for being a prolific dealmaker, shocked the industry in June when his company paid £2.2 billion for a 12.1...

16 December 2021 | Legislation & Government