Announced
Completed
Financials
Sources
Tags
Completed
Minority
Friendly
United Kingdom
Mobile
Internet
internet services
telecommunications
Public
Single Bidder
Cross Border
Acquisition
Synopsis
Altice, a cable, telecommunications, and media company, completed the acquisition of a 6% stake in BT Group, a telecommunication and network provider and a provider of global communications services. Financial terms were not disclosed. “We are pleased to take this opportunity to increase our shareholding in BT. Over recent months we have engaged constructively with the board and management of BT and look forward to continuing that dialogue," Patrick Drahi, Altice CEO.
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