Insiders

UK will not take action over Drahi's stake in BT

August 23, 2022 at 02:16 am EDT

LONDON (Reuters) - Britain will not take any action over billionaire Patrick Drahi's stake in BT Group, the British telecom firm said on Tuesday, after the government examined whether the move would have national security implications.

The government reviewed Drahi's stake in Britain's most important telecom company after he increased it to 18% in December.

(Reporting by Kate Holton, Editing by Kylie MacLellan)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BT GROUP PLC	105 GBX	+0.29%	-0.38%	12.76B

Patrick Drahi

Founder of Altice SA, Altice Europe NV and Altice International SARL, Patrick Drahi is an entrepreneur and businessperson who has been the head of 5 different companies and is Chairman of Altice USA, Inc. and President & Executive Director at Altice Europe NV. In the past he occupied the position of Chief Executive Officer of Altice One SAS, Principal at Currier, McCabe & Associates, Inc., Chairman for Altice France SA and Executive Chairman of Altice SA. Patrick Drahi received an undergraduate degree from Ecole Polytechnique and a graduate degree from Télécom ParisTech.

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Linked companies
ALTICE USA, INC.	Founder
Altice UK SARL Altice UK SARL Specialty TelecommunicationsCommunications Altice UK SARL is a telecommunications and mass media company based in Luxembourg, Luxembourg. The Luxembourger company was founded in 2019 by Patrick Drahi.	Founder