Telecom company Altice invests in BT

Altice has bought itself in the English telecom company BT and has thus become the largest shareholder.

Through a newly established, local subsidiary, Altice has built up a position in BT in recent days. The Financial Times writes that the French are putting 2.3 billion euros on the table for 12.1 percent of the shares.

Deutsche Telekom has a 12 percent stake.

Altice promises that it will not undertake any activities in the coming months to acquire the former state-owned company.

BT’s leadership said in a response to the newspaper that it is open to investors who support the long-term view. Central to this is the upgrading of the broadband network.

The French telecom company owns broadband networks in France, Israel, Portugal and the US. It also owns advertising technology company Teads.

Photo: simac (cc)


Source: Nieuws – Emerce by www.emerce.nl.

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