One year on, Patrick Drahi’s empire has been shaken

It takes a lot to shake the certainty of a billionaire who, over a three-decade career, has built his telecom and media empire, Altice. Patrick Drahi The successes he experienced far outweighed the failures. They shaped the character of this entrepreneur, who was known for being affable but tough in business. He was also a high-roller, confident and sure of himself.

But in the past twelve months, many of his beliefs have been shattered. His former right-hand man, Armando Pereira, has been accused of corruption. Who will get rich on his and Altis’s backs? (the businessman still proclaims his innocence), the endless decline of SFR, the debt standoff with creditors … Never since 2002, when Patrick Drahi began his conquest of French cables, has the power of the cable been shaken as it is now through him and his Altice empire. « There is a feeling of ruling the end of the world », Keren Finance senior manager Benoit Soler confirmed. The investor…