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Patrick Drahi’s group becomes largest shareholder in UK telecoms operator
Businessman who bought auction house in 2019 to receive second dividend in six months
Deal is latest example of buyers taking advantage of low valuations in European telecoms companies
Altice USA unveils offer for Canadian group, which owns Atlantic Broadband
Auction house faces shareholder vote on $3.7bn takeover by French telecoms magnate
Welcome to Due Diligence, the FT’s daily deals briefing
‘I am making this investment for my family,’ says telecom and media entrepreneur after spending $3.7bn
The world’s two largest auction houses are now privately owned by French billionaires
French telecoms taps the market, but investors await more radical plans for group’s debt pile
Franco-Israeli dealmaker returns to financial engineering in effort to revive fortunes
Lowered guidance for French business overshadows restructuring efforts
BT, Altice and others spent billions on sporting rights and have seen shares fall
Patrick Drahi’s cable empire reins in M&A strategy to focus on operations
Shares in telco have almost halved in the past month on debt and operational worries
Founder returns as president after 30% share dip sparks resignation of chief executive
Heavily indebted group lost 75,000 broadband customers last quarter in home market
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