Saturday, 21 May 2022

Sources suggest Drahi wants a bigger slice of BT

by Harry Baldock, Total Telecom
Monday 15 November 21

According to sources, the billionaire wants to increase his stake in the UK incumbent from the 12.06% stake he revealed in June

When Franco-Israeli billionaire Patrick Drahi first announced back in June that he had become BT’s largest shareholder, owning a 12.06% stake worth around $2.95 billion, the operator’s shares quickly rose to an 18-month high. At the time, the move triggered a wave of uncertainty for BT’s leadership, with many fearing that Drahi would launch a takeover, something that Drahi himself denied…

When Franco-Israeli billionaire Patrick Drahi first announced back in June that he had become BT’s largest shareholder, owning a 12.06% stake worth around $2.95 billion, the operator’s shares quickly rose to an 18-month high. At the time, the move triggered a wave of uncertainty for BT’s leadership, with many fearing that Drahi would launch a takeover, something that Drahi himself denied…

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