Drahi Says He Favors Private Equity Investors for Carriers
- Altice is weighing the sale of Portugal unit, French media
- He disclosed to investors more options to reduce his debt pile
Patrick Drahi
Photographer: Eric Piermont/AFP/Getty Images
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Patrick Drahi said he would prefer to sell stakes of Altice’s European carriers to private equity investors rather than industrial or strategic partners, as the billionaire weighs options for reducing debt.
The comments came during a meeting with investors in New York on Thursday, an unofficial transcript of which was seen by Bloomberg. An Altice spokesperson confirmed its accuracy and declined to comment.