“I would like to inform you that the Altice group and I have reached an agreement which ends a relationship of more than a decade,” he announced on Thursday.
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One of the co-general directors of the Altice Europe group and general director of Altice USA, Alexandre Fonseca, announced Thursday January 4 on X his departure from the group after being suspended due to a corruption affair. “I would like to inform you that the Altice group and I have reached an agreement that ends a relationship of more than a decade, in which I have put all my commitment and dedication”explained the co-CEO, his exact title within Altice.
Contacted by AFP, Altice Portugal confirms that “the Altice group has reached an agreement with Alexandre Fonseca terminating his employment contract, as well as all executive and non-executive functions he exercised.
An investigation into corruption in Portugal
Before being named CEO of Altice USA in March, Alexandre Fonseca was head of the board of directors of Altice Portugal. While he himself was not targeted by the instruction, he was suspended from his functions after Armando Pereira, co-founder of Altice with Patrick Drahi, was arrested in a corruption investigation in Portugal.
Portuguese businessman Armando Pereira, suspected of 11 acts of corruption and money laundering, is also suspected of having set up a network of dubious suppliers with the aim of embezzling large sums of money via group purchasing policy. Armando Pereira disputes these suspicions. Following this scandal which threatened to shake up Patrick Drahi’s empire, around fifteen employees, including a manager of the group in France, were suspended. Patrick Drahi said he felt “betrayed and deceived by a small group of individuals.”
