BT prepares for battle as Altice increases stake

Back in June, Patrick Drahi, the billionaire owner of Altice Group, announced that he had formed Altice UK, with the new company taking a 12.1% stake in BT for £2 billion.
At the time, this move caused a wave of uncertainty for BT’s leadership, who feared that Drahi would launch a takeover bid for the company, something that Drahi himself denied interest in…

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