Drahi ups BT stake
May 23, 2023
![](https://advanced-television.com/wp-content/uploads/2021/11/bt-london-e1637921991516-1024x709.jpg)
Billionaire telecoms investor Patrick Drahi has increased his stake in dominant UK telco BT to 24.5 per cent from 18 per cent via his Altice UK investment unit – but reiterated that he does not plan a full takeover.
“Altice UK has restated its position to the board of BT that it does not intend to make an offer for BT,” the company said.
Drahi first took a 12.1 per cent stake in the telco in June 2021, upping this to 18 per cent in December 2021.