15 stories found
Creditors have accused Altice International, owned by billionaire Patrick Drahi, of defaulting on €2 billion of debt. The accusation stems from transactions that allegedly moved assets out of the creditors' reach, breaching borrowing terms.
Patrick Drahi stands to gain a significant sum from the potential sale of French telecom operator SFR, with Orange, Bouygues Telecom, and Free reportedly interested.
Swiss assets belonging to billionaire Patrick Drahi have been seized as a result of a dispute with a co-founder of Altice.
Altice is in the process of selling its French telecom assets, including SFR, to rival operators such as Orange, Bouygues Telecom, and Iliad (Free). This complex transaction, valued in the tens of billions of dollars, is poised to significantly reshape the French telecommunications landscape.
KKR and GIP have submitted bids for Patrick Drahi’s XpFibre network, with offers ranging between €6bn and €8bn, as Drahi seeks to sell assets to reduce debt.
Patrick Drahi is reportedly employing a familiar strategy in the US market while managing a substantial $22 billion debt.
A consortium led by Bouygues Telecom, including Orange and Free, has reached a deal to acquire Patrick Drahi's struggling French telecom rival SFR from Altice France for an estimated $23.5 billion (€20.35 billion).
Patrick Drahi's €20 billion deal for SFR is being described as a masterclass in hardball negotiation, with rivals considering their options.
A group of French telecommunications companies has increased their takeover bid for Altice's SFR unit. The revised offer now stands at $24 billion.
French TV host Arthur is reportedly partnering with businessman Patrick Drahi to acquire Reshet 13, an Israeli television channel. Drahi already holds a stake in Reshet 13 and owns the international news channel i24 News.
Elliott Management is reportedly set to gain significantly from Patrick Drahi's deal to sell France's SFR.
Optimum Communications, the indebted US cable group owned by Patrick Drahi, has transferred its most valuable US pay-TV and broadband assets out of reach, escalating its dispute with creditors.
Sotheby's, the auction house owned by billionaire Patrick Drahi, has finalized a $100 million debt facility with KKR, backed by its auction fees, adding another layer of debt to the company.
Sotheby’s, the auction house owned by Patrick Drahi, is offering to pay interest to sellers as it navigates a shrinking art market and a heavy debt burden.
Altice France's liabilities have increased its debt by approximately €1 billion, prompting rival telecoms groups to consider new bids for Patrick Drahi's French business.