Patrick Drahi


Altice to spin off US operation & reorganise European unit

Netherlands-headquartered telco Altice is to spin off its US operation and restructure its European and pay TV assets in a major reorganisation that saw its share price rise sharply. Company founder Patrick Drahi will take direct control of both European and US operations. Among the changes is a plan to turn Altice’s premium content activities […]

Drahi steps in as Altice CEO resigns

Michel Combes has resigned as Altice chairman and CEO following the company’s worse-than-expected quarterly results last week. Altice’s share price sank by a over a quarter following the results that highlighted a poor performance by French unit SFR in particular and spooked investors concerned about the company’s debt level. With Combes having fallen on his […]

Altice launches studios division

French free and pay TV operator Altice has unveiled plans to invest further in content creation and has created a dedicated studio. Altice is to create Altice Studios to create new original movies and series, and Altice Channel Factory, to create more new channels following the launch of a raft of TV services under the […]

Altice boss steps down

Altice boss Patrick Drahi has stepped down from his role as president of the company in favour of former CEO Dexter Goei ahead of the group’s acquisition of Cablevision in the US. Goei will take over the new US operation as chairman and CEO of Altice USA, in addition to his role as president of […]

Altice to roll media assets into SFR

Altice is to consolidate all of its French media assets into telecom unit SFR, according to French press reports. According to the Journal du Dimanche, citing unnamed sources, SFR will announce on Wednesday that it is acquiring Altice’s media assets in France. These include a 49% stake in NextRadio, owner of BFM TV, BFM Business […]

Numericable readies move for SFR

French cable operator Numericable is preparing to make an offer to acquire local telco SFR, according to reports. BFM Business, citing sources close to Numericable, reported that the cable operator’s owners Carlyle, Cinven and Patrick Drahi are preparing to make an all-cash offer for the larger telecom operator, with a plan to merge the two […]