Alexandre Fonseca leaves Altice Portugal by mutual consent

The former executive president of Altice Portugal, Alexandre Fonseca, announced this Thursday that he is leaving the telecommunications company. The departure by mutual consent following an internal review comes after Alexander Fonseca suspended his position with the group in July last year following an investigation by the Central Investigation and Crime Department. Alexander Fonseca posted a photo of the road on the social network LinkedIn with the caption: “Decide where you want to go and don’t stop until you get there…!” Accompanying this image, the former executive president of Altice Portugal also wrote: “I would like to inform you that Altice Group and I have entered into an Agreement that brings to an end a relationship that has lasted more than ten years, into which I have poured all my commitment and dedication, and those , with whom I secured deep collaboration. A new stage of testing will follow…”

When Alexandre Fonseca left his position as executive president of Altice Portugal last April, he began to assume international executive responsibilities, taking on the position of “chairman” of the Portuguese subsidiary of the international group. Alexandre Fonseca left when suspicions arose of “corruption of the Altice group’s decision-making process in terms of recruitment by harmful practices on the part of the group’s own companies and competitors.” We are talking about suspicions of active and passive corruption, which would cause damage to the state of more than 100 million euros.

During Fonseca’s tenure, Altice achieved a market share of more than 50% and revenue growth of approximately 11% per year, and also entered other business areas, namely financial services, energy or ticketing.