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Re: Any idea what is going on with Altice!?


Just a thought .....

Altice USA, a telecommunications group, has a $60 billion debt burden. The company's debt problems include: 

 

  • An ongoing corruption scandal
  • Rising borrowing costs
  • Declining free cash flow
  • Annual debt maturities escalating from less than $1 billion to over $5 billion in 2027
  • Additional $15 billion in debt maturities from 2028 to 2031
  • Competition from Verizon Communications and Frontier Communications

The company's debt problems have sent the price of its debt plunging. According to Reuters, the group's bonds are a risky proposition, even with current high yields. 

 

The company's corruption scandal involves: 

  • Centralizing procurement
  • Selecting Huawei as a vendor
  • A criminal investigation into corruption, money laundering, and tax fraud in Portugal
  • The arrest of Armando Pereira, a close associate of Drahi
  • Suspensions in France, Portugal, and the US
This is CABL.com posting #390231. Tiny Link: cabl.co/mbNGd
Posted in reply to: Any idea what is going on with Altice!? by solarisgroupinc
There is 1 reply to this message
Re: Any idea what is going on with Altice!? dtwood 10/20/2023 8:45:37 PM