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- Altice UK has been established for the purpose of holding the shares in BT. Altice said it "holds the board and management team of BT in high regard and is supportive of their strategy." It has told the board it does not intend to make a takeover offer.
www.lse.co.uk/news/london-briefing-altice-doesnt-plan-bt-takeover-after-12-stake-buy-9zkgz1646fkl433.htmlLONDON BRIEFING: Altice doesn't plan BT takeover after 12% ...
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Jul 21, 2024 · Altice took out a more than £1bn margin loan against its stake in BT, in a move that underscores the risky borrowing that is now piling pressure on billionaire Patrick Drahi’s sprawling ...
- Patrick Drahi’s Altice lifts stake in BT to almost 25%
Altice UK, the vehicle controlled by Franco-Israeli...
- BT says UK government to take no further action over Altice stake
BT has said the UK government will not use its new national...
- Patrick Drahi’s Altice lifts stake in BT to almost 25%
May 23, 2023 · Altice UK, the vehicle controlled by Franco-Israeli billionaire Drahi, said on Tuesday that it had lifted its stake in the former UK monopoly from 18 per cent to 24.5 per cent. Based on BT’s...
Aug 23, 2022 · BT has said the UK government will not use its new national security powers to block or unwind French group Altice’s stake in the former British telecoms monopoly.
Aug 12, 2024 · If the billionaire owner of the media giant decides to use the money from the sale of Altice UK’s 24.5% stake in BT to pay down debt, it will come just in time for creditors getting ready for a...
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Aug 23, 2022 · Altice gets regulatory green light for added stake in BT. Despite previous worries by UK government of potential threat to levelling-up agenda on broadband, corporate regulatory probe finds no...
Aug 23, 2022 · Following careful consideration, the government will take no further action on the acquisition of 5.9% shares by Altice in BT and the Final Notification has been issued to parties.
Broadband giant BT, which has recently been busy boosting their defences against a possible takeover attempt by Patrick Drahi’s Altice UK, has today reported that the investor has raised their 12.1% stake in the operator (worth c.£2bn) to a total of 18%.
