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Drahi Says Altice to Unveil Options to Cut Debt Load Soon
- Drahi met investors in London before heading to New York
- Meetings come amid Portuguese criminal probe linked to Altice
Billionaire Patrick Drahi said that his debt-laden telecommunications empire Altice would unveil different options for de-leveraging in the coming days, including an “equity raise and partnerships with different players.”
The French-Israeli tycoon was speaking to investors at a non-deal roadshow in London on Wednesday, after a summer wrestling with the fallout from a criminal corruption probe in Portugal targeting key figures connected to Altice.
