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Altice becomes the largest shareholder in BT

June 10, 2021 11.00 Europe/London By Julian Clover

Patrick Drahi’s Altice is now the largest shareholder in BT after it acquired 12.1% of the company, worth £2.2 billion.

The acquisition was made through Drahi’s Next Alt, which is also the investment vehicle for Altice France, owner of SFR.

The company said it had no intention of making a full takeover bid.

In a statement, BT said it noted Altice’s statement of support for its management and strategy: “We welcome all investors who recognize the long-term value of our business and the important role it plays in the UK. We are making good progress in delivering our strategy and plan.”

Deutsche Telekom 12.06% of BT.

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Filed Under: Editor's Choice, Newsline, Telco, Top Story Tagged With: BT Edited: 14 June 2021 08:49

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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