Telecoms company, Altice, has outwitted the government and secured a majority shareholding in SIRESP, the vital emergency communications system that failed so badly during last year’s fires. Altice is owned by the billionaire, Patrick Drahi, who has French, Israeli and Portuguese passports.
The Netherlands-based company, that ultimately owns Portugal’s MEO, exercised its preemptive rights through Altice Portugal and snapped up the shares in SIRESP that were held by ESEGUR and Datacomp.