Drahi Says Altice Execs Under Investigation Deceived Him
- Individuals had ‘carefully hidden’ alleged actions, Drahi said
- Altice International will address 2025 maturities this year
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French-Israeli billionaire Patrick Drahi said he felt “betrayed and deceived by a small group of individuals, including one of our oldest colleagues,” being investigated as part of a corruption probe involving his telecommunications empire, Altice.
If the allegations are true, the individuals had “carefully hidden their actions from me, their colleagues and the total group,” Drahi said during a quarterly results call for debt investors of Altice International on Monday, the first time he has publicly addressed the corruption probe since Portuguese prosecutors announced a criminal investigation last month.