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Patrick Drahi’s Altice increases BT stake to 18%
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The billionaire Patrick Drahi has increased his stake in BT to 18%, prompting the government to warn it could step in to block a full potential takeover of the British telecoms giant.
Drahi’s telecoms group Altice UK, which in June paid £2.2bn for a 12.1% stake to become BT’s largest shareholder, has paid about another £1bn to further boost its shareholding.
“We are pleased to take this opportunity to increase our shareholding in BT,” said Drahi. “Over recent months we have engaged constructively
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