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Altice ousts CEO after shares dropped 30 percent in a week

Reuters  |  LONDON/PARIS 

By Sophie Sassard and Gwenaëlle BarzicLONDON/PARIS (Reuters) - Altice NV has ousted Chief Executive Michel Combes and brought back founder Patrick Drahi as president as the telecoms group seeks to reassure investors after its shares dropped around 30 percent in a week.Combes, 55, was brought in two years ago to put Altice's ailing French mobile operator SFR back on track. But the performance of France's second largest carrier has hardly improved, squeezed between market leader Orange's higher quality services and Iliad's cheaper offer. Shares in Altice have plunged about a third in value ...

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First Published: Fri, November 10 2017. 18:09 IST