Altice owner Drahi says wasn't ready for Time Warner Cable buy

May 27, 2015 9:27 AM

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Altice owner Drahi says wasn't ready for Time Warner Cable buy

PARIS Patrick Drahi, the billionaire owner of European telecoms group Altice (ATCE.AS), said he put an end to talks to buy Time Warner Cable (TWC.N) because his company was not ready, adding that he would not carry out reckless acquisitions.

"I didn't follow up on the exchanges we had on Time Warner Cable that were evoked in the media because we were not ready," Drahi told a French parliamentary hearing on Wednesday.

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