Patrick Drahi
Patrick Drahi is a French-Israeli businessman with French, Portuguese, and Israeli citizenship, living in Switzerland since 1999. He is the founder and controlling shareholder of the Netherlands-based telecom group Altice listed on the Euronext Amsterdam stock exchange.
- Telecom magnate Patrick Drahi holds 60% of the stock of Altice NV, the publicly-traded multi-national he founded.
- Drahi built Altice with more than 20 acquisitions of lagging cable and mobile operators and has expanded further with highly leveraged deals.
- Through the Netherlands-based Altice he owns 75% of Numericable, France’s largest cable operator.
- He stormed the U.S. in 2015 by buying a 70% stake in cable operator Suddenlink for $9 billion deal and snapping up Cablevision for $17.7 billion.
- Those U.S. entities were spun off into Altice USA, which went public in June 2017. He owns about 35% of the new company.
