US EditionAltice France files for bankruptcy protection
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TV Tech Industry NewsAltice France files for bankruptcy protection
Patrick Drahi’s Altice France has applied for Chapter 15 bankruptcy protection in a New York court. Despite being the second largest telco in France, behind Orange, the company is struggling with 19.2 billion of debt. The application was submitted late on Tuesday afternoon, just days after a French commercial court initiated an accelerated safeguard procedure designed to protect financially challenged firms. Last week, Altice France announced it…
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