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Altice's World Comes Crashing Down; No More Acquisitions Until Massive Debt Reduced ·
Shareholders have shaken Patrick Drahi’s dreams of being the next king of telecom in the United States by plunging Altice’s share price by more than a third in a single week, forcing Drahi to announce he won’t be making any additional acquisitions until the company’s staggering $59 billion debt is repaid. Investors were also given …