over 3 years ago

France's second largest telecom group Altice has acquired a majority stake in BT.อยากเลิกเล่นสล็อต

Altice is owned by French telecom billionaire Patrick Drahi. which owns Sothebys and businesses in the United States, Israel and Portugal.

A 12% stake is more than what would normally be considered a stake in the company.

The BBC understands that Mr Drahi wants to work closely with BT, but he does not intend to bid for the company.

Altice has notified the Takeover Panel of Mr Drahi's intentions and that notice is valid for six months. Mr Drahi said in a statement: "BT has significant opportunities to upgrade and expand its full fiber broadband network to bring substantial benefits to millions of households across the UK. We fully support the management strategy to provide this opportunity.

“We understand broadband network expansion is one of the UK Government's most important policy objectives. and is the core of the upgrading agenda.”

'Long term value'

BT said: "We welcome all investors who recognize the long-term value of our business and the important role it plays in the UK."

Mr Drahi told BT Chairman Jan du Plessis and BT Chief Executive Philip Jansen about last night's stockpiling.

Drahi insiders say this is a vote of confidence in Mr Jansen and the company's good position for future fiber launches. It is worth noting that the other 12% of BT is owned by Deutsche Telekom and that stake has been in Deutsche Telekom's pension fund over the past decade.

An Altice insider admits, "This is clearly not like the law and buying shares in BT. This bought a discussion with the board to see what we could do together."

The move is in line with BT and other company yield regulations. It is allowed to invest in fiber investments. which is a ruling that is considered favorable to the telecommunication company

BT Insider Says "Ultimate Deduction" Announced in Budget which helps companies Additional tax breaks can be claimed on investments made over the next two years. has made BT's fiber investment plan more attractive.

Any future acquisition bids will surely be passed on to the Secretary of State for business.