Corporate finance: Altice through the looking glass

Louise Bowman
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Patrick Drahi has taken advantage of low-cost debt to make Altice one of the world’s most acquisitive media conglomerates. Bankers who have benefited from its spending spree say Altice has shown what is possible in the post-crisis markets. But investors are increasingly worried about the company’s leverage levels and complicated debt structure. Can Drahi see his vision through?