Drahi: If Altice corruption allegations are true, I feel ‘betrayed’

Patrick Drahi, the billionaire founder and controlling shareholder of Altice International, publicly addressed the corruption allegations that have recently surfaced involving the company's Portuguese operations.

Speaking during a Q2 2023 call for debt investors, Drahi expressed shock and disappointment over the allegations and stated that if proven true, he feels "betrayed and deceived."

The corruption probe, which came to light last month, centres around procurement...

8 August 2023 | 5G

Altice co-founder detained in corruption investigation

Altice co-founder Armando Pereira has been detained following a search of his home in Vieira do Minho, Braga.

The investigation – which involves suspicions of corruption, tax fraud, and money laundering – also resulted in the arrest of two other individuals.

Authorities conducted searches at various locations, including the former headquarters of Portugal Telecom (PT) – which became Altice Portugal in 2018 – in Lisbon, as well as the residence of Hernâni Vaz...

17 July 2023 | Broadband

Ericsson ‘corruption-related misconduct’ potentially funded terror

Ericsson has found evidence of “corruption-related misconduct” in its Iraq operations and cannot rule out that payments were made to terror groups, including ISIS.

The Swedish telecoms giant says that it launched an internal investigation in 2019 following unusual expense claims dating back to 2018. Ericsson says that its investigation covered the period 2011-2019 and included the conduct of its employees, vendors, and suppliers in Iraq.

In a media statement,...

17 February 2022 | Telecoms