Moroccan-born businessman with Israeli and French citizenship
How Patrick Drahi can clamber out of his debt hole: People who know Patrick Drahi characterise him as a ruthless and meticulous strategist ...
reut.rs/3TTP9IT
Telecom tycoon ensnared by his hefty debt machine: podcast: Patrick Drahi built the ocean-spanning Altice empire on the back of aggressive dealmaking and $60 bln ...
reuters.com/breakingviews/telecom-tycoon-ensnared-by-his-hefty-debt-machine-podcast-2024-04-18/
Altice Billionaire Patrick Drahi Recasts Finance’s Natural Order: Patrick Drahi’s battle over his telco’s debt should be to re-establish the norm that creditors ...
bloomberg.com/opinion/articles/2024-04-23/altice-billionaire-patrick-drahi-recasts-finance-s-natural-order
Ardian Said to Join Bidding for Altice’s €7 Billion XpFibre Unit: European private equity firm Ardian is considering a potential offer for a controlling stake in ...
bloomberg.com/news/articles/2024-04-19/ardian-said-to-join-bidding-for-altice-s-7-billion-xpfibre-unit
Paid articlePaid
Billionaire Drahi Leaves Creditors Flummoxed With His ‘Bully-Boy’ Moves: Drahi risks burning bridges with creditors, who over decades bankrolled his debt-fueled ...
trib.al/nQ4J9nz
Patrick Drahi’s Auction House Sotheby’s Plans Securitized Bond Sale: Sotheby’s, the auction house owned by telecom billionaire Patrick Drahi ...
bloomberg.com/news/articles/2024-04-09/patrick-drahi-s-auction-house-sotheby-s-plans-securitized-bond-sale
Paid articlePaid Altice Q&A: How Drahi Can Push Creditors to Cut Billions of Debt: Billionaire Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s ...
bloomberg.com/news/articles/2024-03-28/altice-q-a-how-drahi-can-push-creditors-to-cut-billions-of-debt
Paid articlePaid Patrick Drahi’s Auction House Sotheby’s Plans Securitized Bond Sale: Sotheby’s, the auction house owned by telecom billionaire Patrick Drahi ...
bloomberg.com/news/articles/2024-04-09/patrick-drahi-s-auction-house-sotheby-s-plans-securitized-bond-sale
Paid articlePaid John Malone can wait out Altice’s $25 bln problem: Cable cowboy John Malone has plenty of time to deal with his European counterpart Patrick Drahi ...
reuters.com/breakingviews/john-malone-can-wait-out-altices-25-bln-problem-2024-02-27/
Patrick Drahi’s Altice Volte Face Will Never Be Forgotten: Chris Hughes: The tycoon wants to cut debt in his telecoms business faster than flagged ...
bloomberg.com/opinion/articles/2024-03-26/patrick-drahi-s-altice-volte-face-will-never-be-forgotten-chris-hughes
Paid articlePaid
Altice France on collision course with creditors: Bondholders’ group hires lawyers after telecoms company declines to use proceeds from asset sales to repay debt
ft.com/content/6164727c-33f6-497f-b1c5-1ba2a6e5422d
Paid articlePaidQuick Glance: Altice France Seeks Solutions with Advisors Amid Growing Tensions
- Altice France and a group of its creditors are collaborating with financial and legal advisors to find solutions to the increasing tensions surrounding the company's debt.
- Altice is in discussions with Lazard Inc., while certain bondholders, such as Attestor Capital and Arini, are engaging with advisors from Houlihan Lokey Inc. and the law firm Milbank LLP.
- A combination of alternative and long-term credit funds holding approximately €1.5 billion ($1.6 billion) of Altice France's debt has been coming together in recent weeks. Discussions about a liability management exercise for the company escalated after the French telecommunications company informed investors they would incur losses.
- Bondholders in the group speaking with advisors hold secured and unsecured debt, with maturities primarily focused on the notes due in 2027 and 2028.
Altice Bonds Plunge After Saying Creditors Must Take Cuts: Executives at billionaire Patrick Drahi’s Altice set more aggressive leverage targets and said its ...
bloomberg.com/news/articles/2024-03-20/altice-france-bonds-fall-as-firm-plans-more-discounted-buybacks
Patrick Drahi’s Altice Group Sells French BFM & RMC Channels: Patrick Drahi’s Altice Group Sells French BFM & RMC Channels
deadline.com/2024/03/patrick-drahi-altice-group-sells-media-assets-french-bfm-amp-rmc-channels-1235859652/
Saudi Telecom Is Said to Submit Highest Bid for Altice Portugal: Saudi Telecom Co. has emerged as the highest bidder for Altice’s Portuguese business ...
bloomberg.com/news/articles/2024-03-08/saudi-telecom-is-said-to-submit-highest-bid-for-altice-portugal
Paid articlePaid French prosecutors probe corruption allegations linked to telecoms group Altice : Investigation follows arrest of co-founder Armando Pereira in Portugal last ...
ft.com/content/24f8069d-c3ab-4c7e-aa54-c2dbcc9e3c01
Paid articlePaid Drahi's Altice and Charter Cable Deal May Be Worth the Debt: A potential deal between Charter and Altice USA would create a highly leveraged cable player ...
bloomberg.com/opinion/articles/2024-03-05/drahi-s-altice-and-charter-cable-deal-may-be-worth-the-debt
Billionaire Xavier Niel has expressed interest in buying the Portuguese operations of Patrick Drahi’s Altice telecommunications empire, sources say. Show more
Altice’s best hope will be a Middle East lifeline: Franco-Israeli billionaire Patrick Drahi is facing a harsh reversal of fortune. A $60 billion debt wall is ...
reuters.com/breakingviews/altices-best-hope-will-be-middle-east-lifeline-2023-12-18/
On @Breakingviews : A $60 billion debt wall is threatening to bring down Patrick Drahi’s telecoms empire, and the Altice tycoon needs help to stay afloat ... Show more @pamela_msg reut.rs/483nMlv #BVPredicts
European Telecoms: Rising M&A Favors Bankers Over Billionaires: Xavier Niel is buying and rival Patrick Drahi is selling. But Niel faces competing suitors and ...
bloomberg.com/opinion/articles/2024-01-09/european-telecoms-rising-m-a-favors-bankers-over-billionaires
French telecom group Altice is on a precipice: Patrick Drahi may be playing down Altice's colossal debt, but inflation and rising interest rates are forcing him ...
lemonde.fr/en/economy/article/2023/11/01/french-telecom-group-altice-is-on-a-precipice_6220253_19.html
Saudi Telecom Among Suitors Vying for Altice Portugal: Saudi Telecom Co. is among suitors that have been studying a potential acquisition of the Portuguese ...
bloomberg.com/news/articles/2023-12-11/saudi-telecom-is-said-to-be-among-suitors-for-altice-portugal
Paid articlePaid Sotheby's CEO on Art Demand, 2024 Outlook: Sotheby's CEO Charles Stewart discusses the business outlook for the luxury auction house, weaker demand in Asia ...
bloomberg.com/news/videos/2023-12-07/sotheby-s-ceo-on-art-demand-2024-outlook-video
Altice sells chunk of data centre business to Morgan Stanley: Telecoms group owned by Franco-Israeli billionaire Patrick Drahi seeks ways to cut $60bn debt pile
ft.com/content/dbd9e673-6734-4bc2-b4c8-78266f433cc9
Paid articlePaid Billionaire Patrick Drahi’s Altice to Seek Bids Next Month for Key Assets: Billionaire Patrick Drahi’s Altice is preparing to receive initial bids for its ...
bloomberg.com/news/articles/2023-11-09/drahi-s-altice-is-said-to-seek-bids-next-month-for-key-assets
Paid articlePaid Vodafone Deal Is a Bad Sign for Altice France, Says BI’s Cheslin: Vodafone Group Plc’s sale of its Spanish business should be a “reality check” for Patrick ...
bloomberg.com/news/articles/2023-10-31/vodafone-deal-is-a-bad-sign-for-altice-france-says-bi-s-cheslin
Low-Interest Excess and a Billionaire's Empire in Turmoil: Big Take
bloomberg.com/news/newsletters/2023-10-25/low-interest-excess-and-a-billionaire-s-empire-in-turmoil-big-take
Low-Interest Excess and a Billionaire's Empire in Turmoil: Big Take
bloomberg.com/news/newsletters/2023-10-25/low-interest-excess-and-a-billionaire-s-empire-in-turmoil-big-take
Altice: Drahi Tells Staff Executives Made “Stupid” Mistakes: Billionaire Patrick Drahi acknowledged flaws in the management of Altice group but said he isn’t ...
bloomberg.com/news/articles/2023-10-18/drahi-tells-altice-staff-that-management-made-stupid-mistakes
Billionaire Patrick Drahi’s Altice to Seek Bids Next Month for Key Assets: Billionaire Patrick Drahi’s Altice is preparing to receive initial bids for its ...
bloomberg.com/news/articles/2023-11-09/drahi-s-altice-is-said-to-seek-bids-next-month-for-key-assets
Paid articlePaid Billionaire Drahi's Altice Workers Warned of Corruption Before Portugal Probe
bloomberg.com/news/articles/2023-10-16/billionaire-drahi-s-altice-workers-warned-of-corruption-before-portugal-probe
Drahi Approaches French Rivals for SFR Deal, Tribune Says: Billionaire Patrick Drahi has made approaches through a banker to sound out French telecom competitors ...
bloomberg.com/news/articles/2023-10-21/drahi-approaches-french-rivals-for-sfr-deal-tribune-says
Altice Raises Loans to Push Out Maturities, Repay Revolving Line: Altice International, one of the three branches of billionaire Patrick Drahi’s troubled ...
bloomberg.com/news/articles/2023-09-29/altice-raises-loans-to-push-maturities-repay-revolving-line
Drahi Says Altice to Unveil Options to Cut Debt Load Soon: Billionaire Patrick Drahi said that his debt-laden telecommunications empire Altice would unveil ...
bloomberg.com/news/articles/2023-09-06/drahi-says-altice-to-unveil-options-to-cut-its-debt-load-soon
Drahi Says He Favors Private Equity Investors for Carriers: Patrick Drahi said he would prefer to sell stakes of Altice’s European carriers to private equity ...
bloomberg.com/news/articles/2023-09-08/drahi-says-he-favors-private-equity-investors-for-carriers
Altice Bonds Rise After Report of Asset Sale Steps to Cut Debt: Bonds issued by Patrick Drahi’s telecoms companies rallied after reports that the billionaire is ...
bloomberg.com/news/articles/2023-09-07/altice-bonds-rise-after-report-of-asset-sale-steps-to-cut-debt
Debt-laden Altice in talks to sell data centres to Morgan Stanley - Les Echos: Cable and telecoms group Altice is nearing a deal to sell its data centres in ...
reuters.com/markets/deals/debt-laden-altice-talks-sell-data-centres-morgan-stanley-les-echos-2023-09-06/
Billionaire Patrick Drahi's Altice Mulls Selling Stakes in Key European Carriers
bloomberg.com/news/articles/2023-09-07/altice-mulls-selling-stakes-in-key-european-carriers-to-cut-debt
The dangerous dealings of Patrick Drahi's Portuguese partner: The owner of the telecoms company Altice is trying to cut ties with his friend and co-founder ...
lemonde.fr/en/economy/article/2023/08/08/the-dangerous-dealings-of-patrick-drahi-s-portuguese-partner_6085107_19.html
Paid articlePaid Billionaire Drahi vows speedy asset sales to cut debt at Altice: French-Israeli billionaire Patrick Drahi vowed on Tuesday to slash debts at Altice France ...
reuters.com/business/media-telecom/billionaire-drahi-vows-speedy-asset-sales-cut-debt-altice-2023-08-08/
Quick Glance: Patrick Drahi's Portuguese Partner: Dangerous Dealings Uncovered
- The owner of the telecoms company Altice is attempting to sever ties with his friend and co-founder Armando Pereira, whose involvement in a corruption case is now posing a threat to the group's integrity.
- Every summer, Armando Pereira, co-founder of the Altice Group alongside Patrick Drahi in 2002, finds solace at Quinta das Casas Novas, his grand villa overlooking Guilhofrei, a small village 90 kilometers northeast of Porto in Portugal.
- Built in his hometown where Armando used to sell fabric at markets to escape his family's poverty, the luxurious residence, complete with a pool, tennis and beach volleyball courts, two golf greens, a go-kart course, and a helipad, has become the stuff of legends for the Portuguese businessman.
- Thanks to Altice, Pereira has risen to become one of Portugal's wealthiest individuals.
Patrick Drahi's Words on Altice Probe, Debt Only Go So Far: The entrepreneur says he’ll do “whatever it takes” to stabilize his empire amid a corruption ...
bloomberg.com/opinion/articles/2023-08-11/patrick-drahi-s-words-on-altice-probe-debt-only-go-so-far
Drahi Says Altice France Will Do ‘Whatever it Takes’ to Cut Debt: Billionaire Patrick Drahi declared to investors that reducing Altice France’s leverage was his ...
bloomberg.com/news/articles/2023-08-08/drahi-says-altice-france-will-do-whatever-it-takes-to-cut-debt
Billionaire Drahi to Speak as Altice Corruption Probe Widens: French-Israeli billionaire Patrick Drahi is expected to publicly address the corruption probe ...
bloomberg.com/news/articles/2023-08-07/billionaire-patrick-drahi-to-address-altice-corruption-scandal
Drahi to Face Altice Investors Over Corruption Probe and Debt: Patrick Drahi is due to meet with investors in London and New York this week to address how his ...
bloomberg.com/news/articles/2023-09-04/drahi-to-face-altice-investors-in-london-and-new-york-this-week
Billionaire Drahi’s Right-Hand Man Under Spotlight as Corruption Probe Unfolds: Patrick Drahi’s right-hand man for more than two decades had a reputation for ...
bloomberg.com/news/articles/2023-07-20/billionaire-drahi-s-right-hand-man-under-spotlight-as-corruption-probe-unfolds
Altice France plays down impact of corruption case on its business: On Tuesday, August 8, Patrick Drahi, owner of the telecoms and media group ...
lemonde.fr/en/economy/article/2023/08/08/altice-france-plays-down-impact-of-corruption-case-on-its-business_6085691_19.html
Paid articlePaid Patrick Drahi Says Altice France’s BFM TV & RMC Networks Not For Sale: Patrick Drahi says Altice France’s BFM TV & RMC networks not for sale as he sets out debt ...
deadline.com/2023/08/patrick-drahi-altice-france-bfm-tv-rmc-not-for-sale-1235457374/
Drahi Says Corruption Probe Had ‘No Impact Whatsoever’ on Altice: French-Israeli tycoon Patrick Drahi said he sees “no impact whatsoever” on Altice group from a ...
bloomberg.com/news/articles/2023-08-08/drahi-says-corrupton-probe-made-no-impact-whatsoever-on-altice
Portuguese Corruption Probe Rocking Altice, Billionaire Drahi’s Telecoms Empire: A criminal investigation in Portugal is sending shock waves through Altice ...
bloomberg.com/news/articles/2023-08-04/the-corruption-probe-rocking-altice-billionaire-s-drahi-s-telecoms-empire
Altice Corruption Probe’s Impact Spreads Through Patrick Drahi Empire: The Portuguese corruption probe targeting powerful figures within Patrick Drahi’s Altice ...
bloomberg.com/news/articles/2023-08-03/altice-corruption-probe-s-impact-spreads-through-drahi-s-empire
Patrick Drahi's empire weakened by partner's downfall: The arrest last month of Armando Pereira, Altice's former number two, is threatening the financial ...
lemonde.fr/en/economy/article/2023/08/03/patrick-drahi-s-empire-weakened-by-partner-s-downfall_6077982_19.html
Paid articlePaid Drahi’s Telecom Empire Wrestles With Corruption Probe Fallout: The impact of a corruption probe that has ensnared some of the most powerful figures at Patrick ...
bloomberg.com/news/articles/2023-07-22/drahi-s-telecom-empire-wrestles-with-corruption-probe-fallout
Drahi’s Telecom Empire Wrestles With Corruption Probe Fallout: The impact of a corruption probe that has ensnared some of the most powerful figures at Patrick ...
bloomberg.com/news/articles/2023-07-22/drahi-s-telecom-empire-wrestles-with-corruption-probe-fallout
Billionaire Drahi Tightens Grip on BT, Building Stake to 25%: Billionaire Patrick Drahi increased his stake in BT Group Plc to 24.5%, giving him double the ...
bloomberg.com/news/articles/2023-05-23/french-billionaire-drahi-ups-stake-in-britain-s-bt-to-24-5
Israeli university bestows 6 with honorary degree for their contributions to society
i24news.tv/en/news/israel/society/1684399123-israeli-university-bestows-6-with-honorary-degree-for-their-contributions-to-society
Telco tycoons’ UK bets look stuck underwater: Three telecom tycoons and a state-backed giant have taken a bath on their giant investments in UK-based BT (BT ...
reuters.com/breakingviews/telco-tycoons-uk-bets-look-stuck-underwater-2023-05-25/
BT’s miss may spur big investors into action: Trumpeting massive job cuts is usually one way to boost a share price. Not for BT (BT.L) ...
reuters.com/breakingviews/bts-miss-may-spur-big-investors-into-action-2023-05-18/
Quick Glance: BT to cut 55,000 jobs by 2030
- BT plans to reduce its workforce by up to 55,000 over the next ten years and will replace some staff with artificial intelligence.
- Approximately one-fifth of the job cuts will come from customer service positions, which will be replaced by AI technology.
- The company will collaborate with its union partners during the job cuts and will also rely on natural attrition.
- BT, the United Kingdom's largest broadband provider, announced that it will cut between 40,000 and 55,000 jobs by 2030.
Israel: Tel Aviv Great Synagogue to get massive renovation, public square: The upgrade plan involves removing rows of columns and walls that were added in the ...
i24news.tv/en/news/israel/culture/1682358125-israel-tel-aviv-great-synagogue-to-get-massive-renovation-public-square
Sponsor of Porto arena where Roger Waters will perform is Israeli: Patrick Drahi’s, spokesperson: ‘He regrets it deeply,’ but explained he legally has no ability ...
jpost.com/diaspora/antisemitism/article-733247
Sotheby's unsentimental new era: What happens when the loans secured by Sotheby's are sold?
axios.com/2023/03/25/sothebys-unsentimental-new-era
Sotheby’s Pitches First of Its Kind Offer Secured by Art Collections of the Wealthy
bloomberg.com/news/articles/2023-03-02/sotheby-s-pitches-bond-secured-by-art-collections-of-the-wealthy
Billionaire Drahi Faces an Unfamiliar Test of Empire Building: Patrick Drahi has found breathing space in constricted debt markets that once so freely supplied ...
bloomberg.com/news/articles/2023-02-04/billionaire-drahi-faces-an-unfamiliar-test-of-empire-building
Billionaire Drahi’s Altice Sees BT Group as ‘Undervalued’: Billionaire investor Patrick Drahi’s Altice Group sees BT Group Plc as an “undervalued” asset and ...
bloomberg.com/news/articles/2023-01-31/billionaire-drahi-s-altice-sees-bt-group-as-undervalued
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