Altice’s king of cost-cutting faces SFR challenge

March 13, 2016 6:36 pm

Financial Times

Performance of French mobile operator raises doubts about Patrick Drahi’s playbook
A cyclist passes a Numericable Group SA cable-television and internet store, operated by Altice SA, in Bordeaux, France, on Friday, July 4, 2014. Altice is raising its stake in Numericable after agreeing in April to merge the French cable provider with Vivendi SA's phone unit SFR, a transaction valued at more than 17 billion euros. Photographer: Balint Porneczi/Bloomberg©Bloomberg

Last year, shortly after SFR passed into the hands of billionaire entrepreneur Patrick Drahi, France’s second-largest mobile operator gave its suppliers an ultimatum: halve your prices or else.


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