Thread regarding Altice USA (Cablevision) layoffs

Dropping like flies

https://www.reuters.com/article/altice-restructuring/altice-executive-turrini-part-of-old-guard-to-leave-debt-ridden-group-idUSL8N1PR3QX

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Altice executive Turrini to leave debt-ridden group

  • Departure comes after ousting of former CEO Combes

  • Turrini was in charge of lobbying, public policy

  • Top management now led by Altice’s old guard (Adding details, analyst quote)

PARIS, Feb 1 (Reuters) - Executive Regis Turrini will leave French telecoms group SFR and its parent company Altice As SFR’s secretary general and Altice’s head of regulation and strategy, Turrini was in charge of lobbying and public relations with authorities.

He should leave at the start of March, added the source, confirming an earlier report in French paper Le Figaro. The 58-year-old executive, who previously led France’s state holding agency APE, had joined Altice in 2016.

His departure further streamlines the group’s top management, composed of the the same old guard that followed billionaire and majority-owner Patrick Drahi in his spree of acquisitions that turned Altice into a multinational group.

“In the telecoms sector, it’s important to maintain a lobbying capacity and be close to regulators and politicians,” said Thomas Coudry, an analyst at Bryan, Garnier Editing by Sudip Kar-Gupta and David Evans)

source: https://reut.rs/2GDKzrF

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