The deal was signed at the heart of the night in New York. By signing the repurchase 70% of cable operator Suddenlink seventh player in the US market, for $ 9.1 billion, Patrick Drahi will offer valuable overseas bridgehead. After Europe, the president of Altice -House parent-SFR- Numericable launches an assault on the United States, where the cable market, highly fragmented, is rapidly consolidated. His next target is clearly identified, even if the group refused to comment: Time Warner Cable (TWC), number 2 of the sector, coveted for its failed merger with the leader, Comcast. Discussions have been initiated between the two groups, told Challenges a source close to the case.
Mentor and adversary
But this new battle promises to be fierce: TWC worth over $ 44 billion in exchange -the valuation of Orange, and the businessman will be faced with some potential buyers very determined, as John Malone, owner Liberty Media, the king of the cable in the United States for which Patrick Drahi had worked in the 1990s and he considers his mentor.
International Troupe
To support him in his American campaign, Patrick Drahi can rely on his team commando who has never been lacking in recent years, in the constitution of his empire, SFR redemption to that of Portugal Telecom . At the head of this small very international cast of forties, Dexter Goei, 43, the CEO of Altice. Very close to Patrick Drahi, it has the advantage, for that folder, being Franco-American. This finance is supported by a virtuoso CFO weight: Dutch Okhuijsen Dennis, 45, former treasurer of John Malone, and old acquaintance of Patrick Drahi, who joined the group three years ago
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The small staff present in New York in recent days also includes Jeremie Bonnin, 40, most loyal, Secretary General of Altice and two latest recruits: German Burkhard Koep, a former Morgan Stanley joined the team there less than a year to support the whole fusion acquisition part – he worked on Operation Portugal Telecom, during closing. And Alexander Brand, Patrick Drahi legal advice, founder of Franklin Paris office, who participated in fifteen Altice operations.
Skill operated
Used to work together, for the most part men of commando Drahi have become used to list all the best practices of each operation: document format methods of passing discussions by the negotiations, everything is stored and reused in the following deals. To save time, do not make the same mistakes and still keep the advantage over the opponent.
To ChallengeSoir
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