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
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