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LONDON — French billionaire Patrick Drahi has increased his stake in British telecommunications company BT, sparking a response from the U.K. government amid fears over a full-blown takeover.
BT said its board was notified that Altice, Drahi's telecoms group, had increased its ownership of BT to 18% from 12.1%.
Shares of BT slumped 6% Tuesday morning.
«The Board and management of BT Group will continue to operate the business in the interest of all shareholders and remains
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