26-05-2022 12:56 via telecoms.com

Altice’s BT investment faces national security probe

The UK government is feeling twitchy about billionaire Patrick Drahi’s 18 percent stake in operator group BT.
Business Secretary Kwasi Kwarteng on Thursday launched a full national security assessment of Drahi-backed Altice UK’s move last December to increase its holding in BT to 18 percent from 12.1  percent. Under UK regulations, Drahi was prevented from upping his stake again for a further six months. With that standstill period expiring in mid-June, fresh takeover speculatio
Read more »