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Stock impact report

How Patrick Drahi can clamber out of his debt hole [Reuters]

Altice USA, Inc. Class A (ATUS) 
Last altice usa, inc. class a earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Reuters
LONDON, April 11 (Reuters Breakingviews) - People who know Patrick Drahi characterise him as a ruthless and meticulous strategist. Yet creditors fighting the telecom tycoon in France seem to think the Moroccan-born entrepreneur is unprepared for battle. Which side is right could ultimately determine who controls a key part of the transatlantic Altice empire, currently straining under $60 billion of debt. The odds favour Drahi. The 60-year-old, who moved to France as a teenager, is Europe's answer to John Malone, the so-called “cable cowboy” known for his success in rolling up U.S. pay-TV businesses with financial structures of mind-boggling complexity. Drahi's assets span broadband, mobile and media businesses in France, the United States, Portugal and Israel, as well as auction house Sotheby's and a quarter of Britain's $14 billion BT (BT.L) New Tab , opens new tab Reuters Graphics Reuters Graphics The problem is that Drahi largely built his empire with aggressive borrowing. Show less Read more
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