Altice International creditors file lawsuit over asset transfers

Altice International: Altice International is a telecommunications company operating primarily in Europe, the Caribbean, and Israel as part of the broader Altice group. It provides broadband, mobile, and related services across its markets. The entity is currently facing legal action from creditors over alleged multi-year asset transfers orchestrated with its controlling shareholder. Asset Focus: The transfers involve key subsidiaries accounting for the majority of the company's earnings, placed outside creditor reach. Legal Action: Creditors including Elliott Investment Management, Arini Capital Management, and Diameter Capital Partners filed a lawsuit in the Supreme Court of the State of New York alleging fraudulent transfers of valuable assets. Related Developments: This suit follows a similar creditor action last month against Patrick Drahi's U.S. cable operations over comparable asset shifts.