2023-08-03 16:47:46
Although Altice USA may be thousands of kilometers away, the entity on which Patrick Drahi pinned all his hopes has been caught up in the full force of the investigation within Altice Portugal. “In response to the circumstances in Portugal, we have taken the immediate and prudent decision to launch our own internal investigation at Altice USA,” CEO Dennis Mathew said on Wednesday during the quarterly results.
Measures have already been taken: in the wake of the Portuguese tax authorities’ investigation of Armando Pereira, the right arm of Patrick Drahi, the president of Altice USA, Alexandre Fonseca, has been replaced by Dennis Mathew. And Yossi Benchetrit, the purchasing director of Altice USA, and also Armando Pereira’s son-in-law, has been removed from his post (and already replaced). “We are reviewing our relationships with suppliers and vendors, and we are proactively suspending certain capital expenditures,” Dennis Mathew also said.
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