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Telecom investor prepares for bigger M&A deals

Patrick Drahi will convert cable holding company Altice SA into a new Dutch entity to gain more shares which it can use in acquisitions

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Franco-Israeli media magnate Patrick Drahi, head of Altice, the parent company of French telecommunications operator of Numericable-SFR, speaks to the press as he leaves the French Economy Ministry on June 23, 2015, in Paris.

Amsterdam

PATRICK Drahi, rebuffed in his US$11 billion bid for French wireless carrier Bouygues Telecom, will convert his cable holding company into a new entity to gain a new stock for bigger takeovers.

Altice SA will be replaced by a new Dutch company called Altice NV with a

sentifi.com

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