Clarification

Businessman Patrick Drahi was not the CEO or chairman of UPC United Pan-European Communications NV.

Businessman Patrick Drahi was not the CEO or chairman of UPC United Pan-European Communications NV. Drahi founded a company called UPC France, and sold his shares in that company to UPC United Pan-European Communications in 1999. In 2001, Drahi founded Altice, which in 2006 bought the activities of UPC France.

UPC United Pan-European Communications went into receivership a few years ago and was bought by a US company.

Published by Globes [online], Israel business news - www.globes-online.com - on May 4, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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