The UK government has said it is “monitoring the situation carefully” after Altice UK, owned by French billionaire Patrick Drahi, further increased its stake in telco BT.
Drahi announced today (Tuesday) that the arm of his French telco business had increased its stake in BT to 18 per cent by acquiring a further 585 million shares yesterday, at a price of £1.02bn (€1.17bn/$1.33bn), based on BT’s closing share price on Monday.
You need to have an account to access our content
Find out more about our news, features and services
Already have an account? Sign in here
