Billionaire Patrick Drahi is considering selling stakes in the carriers he controls in France and Portugal among several options for reducing the debt pile at his telecommunications empire Altice.
Altice France Chief Executive Officer Arthur Dreyfuss, who runs the group’s biggest unit, said in a meeting with employee representatives on Thursday that advisers have been hired in “all geographies” to consider selling equity stakes or debt, people familiar with the matter said.
He added that the company was already refinancing French fiber construction unit XpFibre and that the sale of data centers in France and Portugal would be completed this autumn, according to the people, who asked not to be identified because the meeting was not public.
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