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2. • • French-Israeli billionaire Patrick Drahi has bought a 12.1% stake in telecommunications company BT (BT-A.L), worth around £2.2bn ($3.1bn) as of Wednesday’s close. His company, Altice Group, is now BT’s largest shareholder after the purchase of 1.2 billion shares through newly-formed Altice UK, which is wholly owned and controlled by the tycoon.
     uk.finance.yahoo.com/news/meet-patrick-drahi-altice-the-billionaire-who-just-backed-bt-telecoms-broadband-093333588.html

     Meet Patrick Drahi, the billionaire who just backed BT

3. People also ask

   Who owns BT?

   • Mr Drahi, who also owns auction house Sotheby's, first began buying BT shares last June. His purchase of just over 12% of the company, worth £2.2bn at the time, made him the largest shareholder. He now owns 18% of BT - 12% short of 30% at which point the takeover rules would force him to make an offer for the whole company.

   Billionaire’s stake in BT faces security probe - BBC News

   www.bbc.co.uk/news/business-61590960

   See all results for this question

   Who is BT's largest shareholder?

   • His company, Altice Group, is now BT’s largest shareholder after the purchase of 1.2 billion shares through newly-formed Altice UK, which is wholly owned and controlled by the tycoon. The share purchases were handled by Morgan Stanley and BNP Paribas.

   Meet Patrick Drahi, the billionaire who just backed BT - Yahoo Finance

   uk.finance.yahoo.com/news/meet-patrick-drahi-altice-the-billionaire-who-just-backed-bt-telecoms-broadband-093333588.html

   See all results for this question

   Will Patrick Drahi take over BT?

   • Business reporter, BBC News The government is to examine French billionaire Patrick Drahi's increased stake in BT over national security concerns, the telecoms giant has said. Mr Drahi's company, Altice, increased its investment from 12% to 18% in December, prompting speculation the firm could face a takeover bid.

   Billionaire’s stake in BT faces security probe - BBC News

   www.bbc.co.uk/news/business-61590960

   See all results for this question

   Why did BT share price fall 4% in London?

   • BT is in the middle of a transformational programme to build a national broadband fibre network, a strategy crucial both to the company and the government, which says it wants to boost regional growth. Shares in BT fell 4% in morning trading in London. Mr Drahi, who also owns auction house Sotheby's, first began buying BT shares last June.

   Billionaire’s stake in BT faces security probe - BBC News

   www.bbc.co.uk/news/business-61590960

   See all results for this question

   Will Altice buy BT?

   • Altice said "it does not intend to make an offer for BT". Under British takeover rules, that bars Mr Drahi from making such a move for six months. Mr Drahi announced in June that he had bought a 12.1% stake in BT, worth £2.2bn at the time. Who is Patrick Drahi?

   BT: Billionaire Patrick Drahi raises stake to 18% - BBC News

   www.bbc.co.uk/news/business-59610775

   See all results for this question

   Will BT co-operate with BT's National Security & Investment Act review?

   • BT said it would co-operate with the review. In a statement, BT said that business secretary Kwasi Kwarteng was exercising his "call-in power" under the National Security and Investment Act 2021. Billionaire Patrick Drahi raises BT stake to 18%

   Billionaire’s stake in BT faces security probe - BBC News

   www.bbc.co.uk/news/business-61590960

   See all results for this question

4. www.bbc.co.uk › news › business-59610775BT: Billionaire Patrick Drahi raises stake to 18% - BBC News

   www.bbc.co.uk › news › business-59610775

   Dec 14, 2021 · Billionaire Patrick Drahi has raised his investment in BT amid growing speculation that the telecoms giant could face a takeover bid. The Israeli-French businessman took his stake from 12% to...

5. www.bbc.co.uk › news › business-61590960Billionaire’s stake in BT faces security probe - BBC News

   www.bbc.co.uk › news › business-61590960

   May 26, 2022 · Mr Drahi, who also owns auction house Sotheby's, first began buying BT shares last June. His purchase of just over 12% of the company, worth £2.2bn at the time, made him the largest...

6. Videos

   • 

     bt.com

     About BT Group | BT Plc

     5 Sep 2019

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     bt.com

     Our brands - About BT | BT Plc

     26 Apr 2022

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     9:56

     facebook.com

     What Matters Now with Philip Jansen, CEO of BT Group

     11 Aug 2020

     666.1K views

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7. news.sky.com › story › bike-riding-telecomsBike-riding telecoms billionaire becomes BT's ... - Sky News

   news.sky.com › story › bike-riding-telecoms

   • Cached

   Jun 10, 2021 · Bike-riding telecoms billionaire becomes BT's biggest single shareholder Patrick Drahi, owner of France's Altice, is likely to keep his cards close to his chest about why he is buying a £2.2bn stake.

8. www.bbc.com › news › business-61590960Billionaire’s stake in BT faces security probe - BBC

   www.bbc.com › news › business-61590960

   • Cached

   May 26, 2022 · Mr Drahi, who also owns auction house Sotheby's, first began buying BT shares last June. His purchase of just over 12% of the company, worth £2.2bn at the time, made him the largest...

9. www.standard.co.uk › business › who-is-patrick-drahiWho is Patrick Drahi, the new biggest shareholder of BT?

   www.standard.co.uk › business › who-is-patrick-drahi

   • Cached

   Jun 10, 2021 · Who is Patrick Drahi, the new biggest shareholder of BT? Worth $12 billion, the tycoon owns Sotheby’s and a swathe of the world’s telecoms networks.

10. www.bbc.com › news › business-59610775BT: Billionaire Patrick Drahi raises stake to 18% - BBC

    www.bbc.com › news › business-59610775

    • Cached

    Dec 14, 2021 · Billionaire Patrick Drahi has raised his investment in BT amid growing speculation that the telecoms giant could face a takeover bid. The Israeli-French businessman took his stake from 12% to...

11. uk.finance.yahoo.com › news › meet-patrick-drahiMeet Patrick Drahi, the billionaire who just backed BT

    uk.finance.yahoo.com › news › meet-patrick-drahi

    • Cached

    Jun 10, 2021 · His company, Altice Group, is now BT’s largest shareholder after the purchase of 1.2 billion shares through newly-formed Altice UK, which is wholly owned and controlled by the tycoon. The...