Government to meet with Altice CEO to discuss investments in the country
The Minister of Infrastructure, João Galamba, said today that he will soon meet with the CEO and new chairman of Altice and, later, with the founder of the group to discuss the main investments in Portugal. “Right now we have a meeting scheduled with the CEO [executive chairman of Altice Portugal] and chairman of Altice […]
Meo rejects violation of rules and challenges Anacom’s judicial decision
Meo “totally rejects” the violations of the rules charged by the regulator, which imposed a single fine of 117,500 euros, and has already filed a judicial challenge to the decision, an official source from Altice Portugal told Lusa today. The Autoridade Nacional de Comunicações (Anacom) has imposed a single fine of 117,500 euros on Meo, […]
Sale of Sapo building by Altice investigated by public prosecutor’s office
Building in Lisbon was bought by Armando Pereira’s right-hand man, despite having made a lower offer. The building of the former headquarters of the Sapo portal, in the center of Lisbon, was sold, at the end of 2019, by MEO Serviços de Comunicações e Multimédia, of the Altice Group, to Smartdev (company based in the […]
Altice hires Vieira de Almeida and Uría and admits to suing Picoas case suspects
Altice may proceed with compensation claims against Armando Pereira, Hernâni Vaz Antunes and others who may be found guilty in the Picoas case. The group has hired VdA and Uría. Altice has hired law firms Vieira de Almeida and Uría Menendez-Proença de Carvalho in Portugal to defend itself in the Picoas case, admitting to filing […]
Armando Pereira no longer holds shares in Altice
Patrick Drahi, founder of the Altice group, said today that Armando Pereira, involved in Operation Picoas, no longer holds shares in the company, but has an economic interest of 20% of the position of the Franco-Israeli-Portuguese multimillionaire. During the call with bondholders online, Patrick Drahi took the opportunity to explain the current organizational structure and […]
Altice Portugal’s revenues rise 13% in the 1st half to 1,417 ME
Altice Portugal’s revenues grew 13% in the first half, compared to the same period in 2022, to 1,417 million euros and investment rose 2.5%, the owner of Meo announced today. In the second quarter, revenues rose 11.8% year-on-year to €718 million, after recording revenues of €699 million in the first three months of the year, […]
Drahi says ‘Operation Picoas was “a shock” and he feels “betrayed and deceived”
Patrick Drahi, founder of the Altice group, said today that “it was a shock and a great disappointment” the investigation involving Altice Portugal and stressed that if “these allegations are true” he will feel “betrayed and deceived”. These were the first statements by the largest shareholder of the Altice group, who spoke on a call […]
French multimillionaire Drahi’s interactions with investors come as allegations of corruption continue to pile up.
This week, the French-Israeli billionaire Patrick Drahi will make a rare appearance in front of investors. This comes at a time when his international company, Altice, is in the midst of a corruption investigation.Drahi, whose empire extends to telecommunications and media in Europe, Israel, and North America, should try to allay the concerns of investors […]
Patrick Drahi promises answers on Portugal investigation for August 7
The company’s founder and largest shareholder will try to reassure the group’s creditors. In Portugal, unions will meet with minister João Galamba on August 16. What went on at Altice to allow an alleged corruption scheme to continue for a number of years, with one of the company’s co-founders as one of the main strategists? […]
Carlos Alexandre’s reasons for the house arrest of the defendants in the Altice case
Judge Carlos Alexandre stresses that Armando Pereira placed Hernâni Antunes “at the heart of Altice’s business on multiple occasions, as Hernâni himself acknowledges”. If Armando Pereira, co-founder of Altice and his right-hand man, Hernâni Antunes, were to remain free, it would make it more difficult to obtain evidence and its veracity as well as the […]