Reuters exclusively reports Altice founder Drahi seeks bigger stake in Britain's BT - Reuters News Agency
Business & FinanceTechnology

Reuters exclusively reports Altice founder Drahi seeks bigger stake in Britain’s BT

Reuters exclusively reported that telecoms tycoon Patrick Drahi is looking to increase his stake in BT Group as he seeks to extend his influence at the British company, betting its fiber optic rollout will boost value. Since the billionaire Altice founder bought a 12.1% stake in BT worth about 2.2 billion pounds ($2.95 billion) on June 10, the British telecom giant’s shares have fallen 15% and are down about 46% over the past five years. Drahi has backed BT’s plans to build a fiber optic network serving 25 million homes by the end of 2026.

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceEquitiesTelecommunications
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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