Patrick Drahi

UK government to take no action on Drahi stake in BT

The UK government is to take no further action in relation to French telecom tycoon Patrick Drahi’s stake in BT. “Following careful consideration, the government will take no further action on the acquisition of 5.9% shares by Altice in BT and the Final Notification has been issued to parties,” the Department for Trade and Industry […]

UK government set to block Drahi-BT takeover

The UK’s business minister Kwasi Kwarteng is expected to block the takeover of BT by Altice owner Patrick Drahi. According to sources in the City cited by ThisIsMoney, the government is also set to cap any further stake-building from Drahi and may stop him from taking a seat on the board. In December, Drahi increased […]

UK govt to probe Altice BT stake on national security grounds

UK business secretary Kwasi Kwarteng has called in Altice’s acquisition of an additional 6% stake in BT at the end of last year for a full national security assessment. The Department of Trade and Industry cited the government’s “powers under the National Security and Investment Act 2021 to scrutinise and- if necessary – intervene in […]

Altice’s Drahi in favour of TF1-M6 merger, looking to grow media business

Altice boss Patrick Drahi has told French legislators that he is broadly in favour of the planned merger between commercial broadcasters TF1 and M6 and has hinted that he would be interested in acquiring channels that may be put up for sale to secure regulatory clearance. Speaking to French senators in relation to preparation for […]

Patrick Drahi ups stake in BT, prompting government threat of intervention

Patrick Drahi’s Altice UK has upped its stake in BT to 18%, prompting warnings from the UK government that it may intervene to protect its “national telecom infrastructure” in the case of a foreign takeover. Altice UK has confirmed that it does not intend to make an offer for BT – although under Rule 2.8 […]

Patrick Drahi becomes biggest BT shareholder in £2.2 billion purchase

Patrick Drahi has acquired a 12.1% stake in BT for more than £2 billion. Via the creation of a new Altice UK brand, the Altice Group boss has invested £2.2 billion in the British telco to become its largest shareholder. Altice confirmed the stake – a total of 1.2 billion shares – had been acquired […]

Patrick Drahi takes full control of Altice Europe

Media and telecom entrepreneur Patrick Drahi has acquired full control of Altice Europe. Drahi’s launch of a public offer for shares in the company he founded has enabled him to up his stake in it from 77.6% to just over 92%. The move means that the telecom entrepreneur will be able to delist the company […]

Patrick Drahi gets green light to take Altice Europe private

Telecom tycoon Patrick Drahi has received a green light to take Altice Europe private from company shareholders. An EGM on January 7 approved resolutions that enable Drahi to take control of the company and delist it from the Amsterdam stock exchange. Drahi, who holds 77.6% of Altice Europe, secured a yes vote to his offer […]

Drahi launches public offer to take Altice Europe private

Altice Europe boss Patrick Drahi has launched his planned public offer to take the company private. The company, which operates networks and media in France, Portugal and Israel, is currently quoted on the Amsterdam exchange. Drahi is offering €4.11 a share for Altice Europe stock, representing a premium of 23.8% over the September 10 closing […]

Altice Europe turns in solid Q1 performance

Altice Europe has turned in what founder Patrick Drahi was able to describe as “a solid performance…against this challenging backdrop” in the quarter to March. The company saw its revenues grow by 3.6% or 3.1% on a constant currency basis to €3.5 billion. EBITDA was up by 1% to €1.3 billion. Revenue was up in […]

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