1. Altice Portugal parts ways with Fonseca.
- Author
-
Botter, Lisa
- Subjects
CORRUPTION investigation ,LABOR contracts ,TAX evasion ,CHIEF executive officers ,MONEY laundering - Abstract
Alexandre Fonseca has left Altice Portugal after suspending himself during a corruption investigation. Fonseca, who was not considered a suspect, stated on LinkedIn that he and Altice Group have ended their relationship. Altice Portugal confirmed that Fonseca's employment contract has been terminated, along with all executive and non-executive roles. Interest in Altice Portugal has increased, with potential buyers including Iliad Group owner Xavier Niel, Warburg Pincus, and Saudi Telecom Company. Altice has been open to selling parts of the business to reduce its tax burden. [Extracted from the article]
- Published
- 2024