Born in Casablanca, billionaire Patrick Drahi is currently negotiating the historic sale of SFR . A major transaction for this Moroccan-born businessman, who built his vast empire on debt before facing recent financial turbulence.
The Altice group, led by Patrick Drahi, is pursuing its asset divestment strategy by separating from its customer relations subsidiary. The billionaire has decided to sell the shares he holds in the Moroccan company Intelcia to its current management.
The three telecom groups Orange, Bouygues Telecom and Free have expressed their intention to acquire SFR and have made an offer to the Moroccan-born businessman Patrick Drahi.
Businessman Patrick Drahi has orchestrated a bold plan for the sale of SFR. Faced with a debt of 24 billion euros, he has obtained a historic agreement with his creditors.
Moroccan-born businessman Patrick Drahi, owner of SFR, has been trying for years to get rid of the telecom operator in France whose results have been declining year after year.
The Moroccan-born billionaire Patrick Drahi will speak on Monday and Tuesday about the corruption case shaking his telecoms group in an attempt to reassure his creditors. His right-hand man Armando Pereira, arrested in mid-July in Portugal, is accused of embezzlement.
The Moroccan-born billionaire, Patrick Drahi, owner of SFR and BFM-TV, is the subject of a tax reassessment of 7.4 billion Swiss francs, or nearly 7.5 billion euros.
The Moroccan-born billionaire, Patrick Drahi, CEO of Altice, and also the owner of SFR, now holds 18% of British Telecom (BT), the historic telecommunications operator in the United Kingdom.