Posted Sep 7, 2023, 7:12 PMUpdated on Sep 7, 2023 at 7:26 PM
Patrick Drahi takes his debt reduction business one step further. Faced with the specter of some 60 billion in debt, the billionaire at the head of the Altice empire is now activating all the options to get out of the trap. Still excluded at the beginning of August, a possible opening of the capital of SFR is now on the table, a sign of a real turnaround.
Already mentioned the day before at a meeting in London with investors, the hypothesis was confirmed by the CEO of Altice France, Arthur Dreyfuss, during a meeting with elected staff Thursday morning. The reflection on capital partnerships or debt takeover concerns “all geographies and all activities”, it was said more clearly than during the group’s last conference with investors, at the beginning of August. According to “Le Monde”, the Lazard and BNP banks were specifically responsible for the file concerning the French number two in the telecom market.