Prominent Israeli-French billionaire Patrick Drahi has influenced the media and telecommunications industry through wise investments and acquisitions. His experience serves as an example of how modern entrepreneurship may reach a worldwide audience and serves as motivation for future business executives.
Childhood and Schooling
Patrick Drahi was born in Morocco. He then relocated to France when he was fifteen years old. In France, he studied engineering at École Polytechnique to became a telecom specialist at Télécom Paris. He started his career with Philips. After some time he eventually rose to the position of manager.
Business Initiatives and Expansion
Image Source: bloomberg.com
Drahi gained notoriety at the beginning of the 1990s by purchasing tiny cable providers in southern France. His most famous business, Altice, rose to prominence in the world of international telecommunications. By acquiring businesses in Luxembourg, Belgium, and Switzerland, Drahi increased Altice’s presence throughout Europe. Additionally, he owned a sizable portion of Numericable, a prominent telecoms company in France. Drahi raised $1.9 billion when he went public with Altice USA in 2017.
A Huge Amount of Acquisitions and Mergers
When Drahi paid $3.7 billion to acquire Sotheby’s auction house in 2019, it made news. Through multi-billion dollar acquisitions of Cablevision and Suddenlink, his Altice firm entered the American market. Drahi’s standing as a significant player in the European and American marketplaces was cemented by these actions.
Investing in Israel
Drahi has significant ownership in HOT, a well-known cable firm, and Mirs in Israel, demonstrating his influence there. Additionally, he started the multilingual worldwide news station i24news.
Private Life and Public Persona
Despite being cautious with the media, Drahi gained notoriety in 2014 when he broke his lengthy silence in front of Israeli media. He is married with four kids, lives in Geneva, and owns real estate in Tel Aviv. His corporate world is nonetheless fascinated by his strategic moves, even though he is reluctant to interact with the media.
The article we’ve read about Patric Drahi teaches us the power of great mergers and acquisitions as well as provides us with the knowledge of how a prosperous entrepreneurship can have great effects on the international level.
I am a student pursuing my bachelor’s in information technology. I have a interest in writing so, I am working a freelance content writer because I enjoy writing. I also write poetries. I believe in the quote by anne frank “paper has more patience than person