Altice raises BT stake but doesn’t launch buyout bid…yet

BT’s future is still unclear after Altice UK increased its stake in the incumbent to 18 percent.
In a stock exchange filing, Altice reiterated it has no intention of launching a takeover bid for BT, and will comply with UK regulations, which prevent it from making an offer for a further six months.
“Over recent months we have engaged constructively with the board and management of BT and look forward to continuing that dialogue. We continue to hold them in high regard and remain full