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Announced

Completed

Altice completed the acquisition of a 6% stake in BT Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned12%
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Minority

Friendly

United Kingdom

Mobile

Internet

internet services

telecommunications

Public

Single Bidder

Cross Border

Acquisition

Synopsis

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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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