MADRID, 23 (EUROPEAN PRESS)
The UK government considers that it is not necessary to adopt additional measures in connection with an increase from 12.1% to 18% of the participation that the French group Altice has in the British telecommunications operator BT.
On May 26, BT reported that British authorities were examining under the National Security and Investments Act a transaction in which the group controlled by French-Israeli billionaire Patrick Drahi increased its stake from 12.1% to 18% participation in BT.
However, in a statement, the UK operator has announced that “the Foreign Secretary has notified BT Group that no further action will be taken under the Act in relation to Altice Europe’s increase in its shareholding in BT Group from 12.1% to 18%”.
Altice announced last December an increase in its stake in BT to 18%, which fueled expectations of a possible acquisition of the British operator and led the British Government to warn that it could intervene to block a potential purchase of the British telecommunications giant.
Altice UK paid £2,200 million (2,581 million euros) in June 2021 for a 12.1% stake in BT, making it the operator’s largest shareholder.
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