Patrick Drahi confronts his investors in London and New York

Patrick Drahi confronts his investors in London and New York

(AFP) – Patrick Drahi, chairman of Altice Group, will meet with his investors in London and New York on Wednesday and Thursday respectively, we learned from the company on Tuesday, while his telecom and media empire is weakened by a corruption scandal in Portugal.

This will be his second speech since the start of the case. The French-Israeli billionaire told analysts in early August that he felt ” Betrayed and deceived by a small group of individuals » announced from « Extensive international surveys Internally, after Armando Pereira, his right-hand man and co-founder of Altice, was arrested in Portugal.
Mr. Drahi also stressed during his first speech that this scandal will not happen.” no effect on the finances and prospects of Altice International, in order to reassure markets, which have been alarmed by the issue as much as by the group’s heavy debt – totaling around €60 billion.

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The group has already started cleaning up

Armando Pereira was arrested in Lisbon on 13 July and charged as part of an investigation into corruption and money laundering cases. ” We immediately suspended about 15 people in Portugal, France and the United States.”After an internal investigation, Mr. Drahi announced again, promising to ” All transparency In this case.

The group has already started cleaning up. Following Mr. Pereira’s arrest, Altice suspended Tatiana Agova Prego, the chief content, acquisitions and partnerships executive involved in the Portuguese justice hearing. In addition, Altice co-CEO Alexandre Fonseca, former CEO of Altice Portugal who was appointed in March to helm the US subsidiary, announced his withdrawal on LinkedIn. Yossi Benchetrit, President of US Procurement and son-in-law of Armando Pereira, was DisqualifiedAnnounced again by the new leader of Altice USA, Dennis Mathew

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