, Columnist
Billionaire Drahi Knows the Art of the Deal
A sale of the telecom tycoon’s French business could bring early rewards for creditors. But Drahi will still have gotten the better of them.
Patrick Drahi is on a roll.
The billionaire telecoms entrepreneur struck a deal to cut borrowings at Altice France SA in February, lifting the cornerstone of his business empire out of negative equity. Now he’s considering cashing in the company’s main asset — France’s SFR mobile-phone network.