UK government warns it could step in to block full takeover of telecoms company
The billionaire Patrick Drahi has increased his stake in BT to 18%, prompting the government to warn it could step in to block a full potential takeover of the British telecoms giant.
Drahi’s telecoms group Altice UK, which in June paid £2.2bn for a 12.1% stake to become BT’s largest shareholder, has paid about a further £1bn to further boost its shareholding.
