Carlyle divests 1.8% interest in Altice

Luxembourg-based telecoms investment group Altice has announced that ‘certain executives and senior managers’ have reached an agreement to acquire 4.4 million ordinary Altice shares from Carlyle Cable Investments. The shares equate to approximately 1.8% of Altice’s ordinary share capital. The Altice executives have been named as Patrick Drahi, Dexter Goei and Patrice Giami, who plan to acquire 4.16 million shares, 200,000 shares and 40,000 shares respectively. The Altice group’s main business is via Numericable-SFR in France, though it also has operations in Belgium, Luxembourg, Portugal, Switzerland, Israel, the Dominican Republic and certain French Overseas Territories in the Caribbean and Indian Ocean.