Altice fuels takeover concerns as its BT ownership increases to 18%

Altice, the telecoms group of French billionaire Patrick Drahi, has increased its ownership of BT to 18 percent from 12.1 percent. Drahi’s growing interest in BT has fuelled concerns amongst the company’s leadership and the UK government, with a Downing Street spokesperson stating the “situation is being monitored carefully”. The French billionaire, known for being…

Altice fuels takeover concerns as its BT ownership increases to 18%

Altice, the telecoms group of French billionaire Patrick Drahi, has increased its ownership of BT to 18 percent from 12.1 percent. Drahi’s growing interest in BT has fuelled concerns amongst the company’s leadership and the UK government, with a Downing Street spokesperson stating the “situation is being monitored carefully”. The French billionaire, known for being…