Dennis Mathew: Last News

Altice USA and co-CEO of Altice Group, suspended himself from all executive and non-executive duties at the company after a corruption probe launched by authorities in Portugal. Fonseca’s stepping back from his duties comes after Armando Pereira — co-founder of Altice Group, Patrick Drahi’s leading cable and telecom company — spent the weekend in custody as part of an investigation into suspected corruption, fiscal fraud and money laundering, according to French reports. Fonseca is also targeted in the investigation, per Le Figaro newspaper. Altice Portugal confirmed on July 13 it was one of the companies searched by the Portuguese authorities in compliance with a warrant issued by the Public Prosecutor’s Office as part of an ongoing investigation directed against individuals as well as entities outside Altice Group. “Altice Portugal is providing all the cooperation requested and will always be available for any clarification,” the company said.

Todd Spangler NY Digital Editor Altice USA is making changes at the top: The cable operator announced that it has recruited Comcast veteran Dennis Mathew as CEO. Matthew takes over effective Oct. 3, assuming the CEO role from Dexter Goei, who has been named executive chairman of the board of directors. All of Goei’s direct reports will report to Mathew. Altice USA founder and current chairman Patrick Drahi will remain a director on the board. The No. 4 U.S. cable operator said it made the move to hire a new CEO “given Mr. Goei’s intention to return to Europe with his family.” Goei has worked for France’s Altice since 2009, leading the telecom company’s entry into the U.S. market through the acquisitions of Cablevision Systems and Suddenlink Communications, which now comprise Altice USA.