image for Newly formed Altice UK grabs £2bn stake in BT
Today, BT has confirmed that Altice has acquired a 12.1% stake in the company for around £2 billion. Altice Group, owned by billionaire Patrick Drahi, currently operate France’s second largest operator SFR, as well as other operations in Portugal, Isreal, and the Dominican Republic. For their new investment in BT, the Group has created a new business unit…

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