Altice International/Altice SRF France - comment
Both Altice structures have announced the dates of the Q2 call (Altice International - 7th August at 12:00 UK time; Altice SFR France - 8th August at 12:00 UK time), with Patrick Drahi, founder and controlling shareholder of Altice joining the call. This has helped provide some support for both entities’ bonds as some investors increase their position in the bonds. Further details appear to be emerging, with the investigation focusing on two aspects of Altice Portugal’s operations - the sale of 4 buildings belonging to Altice Portugal and the decisions to award contracts to companies owned by Mr. Pereira’s relatives.