https://www.lightreading.com/cable-technology/how-altice-s-portuguese-troubles-bankrupted-a-new-york-telecom-firm
5 replies (most recent on top)
Been saying since day one "its a Ponzi scheme"
Ponzi scheme at the end of the day
It is truly amazing that it was / is legal for a public company to force its employees to use this vendor and the vendor is owned by a small group of company insiders. Hundreds of millions of dollars were funneled to just this vendor...billions over the course of a few years. The Netflix special will be fascinating...
“Laser focus!” - HB R.I.P.
Anyone or any company associated with or tied to Altice is not going benefit from the association. For the last few years Altice was on a mission to wrap the world in fiber. BUILD! BUILD! BUILD! HOMES PASSED! HOMES PASSED! HOMES PASSED! All the while letting their HFC plant literally fall apart. Now in 2025 it’s almost a full stop on building fiber and the laser focus is on upgrading HFC markets in the legacy Suddenlink areas. Areas that already have FTTH built in them! The decision makers at Altice don’t know if they are coming or going. But as someone on the outside, looking in, I can tell you where they’re going. Straight down the toilet.