Patrick Drahi
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Deutsche Telekom CEO Tim Höttges has decided the company’s stake in BT was its “biggest mistake”. -
Vodafone and Altice have set up a new company to upgrade up to 7 million cable homes in Germany and to offer wholesale fibre connections to all-comers.
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After the UK government announced it would take no further action on Altice’s increased BT stake, a full takeover cannot be ruled out.
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The Altice acquisition of 6% of shares in BT has been called in for a “full national security assessment”, the UK government has today announced.
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BT shares have fallen following news that Patrick Drahi has increased his stake in the company to 18%
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French satellite company Eutelsat has officially rejected a $3.2 billion takeover bid from billionaire telecoms investor Patrick Drahi.
Forthcoming events
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Patrick Drahi’s Next Alt S.à r.l, through its subsidiary Altice UK, has purchased a 12% stake in UK incumbent telco, BT, valued at approximately £2.2 billion ($3.1 billion).
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Patrick Drahi has succeeded in persuading Altice Europe’s shareholders let him take the company private.
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Patrick Drahi is to take Altice Europe private, he and the company announced this morning.
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Altice Europe has completed the sale of 49.99% of its wholesale fibre operation in Portugal to Morgan Stanley, for an initial price of €1.57 billion.
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Altice Europe has dropped plans to for its existing Israeli operation, Hot Telecommunications, to buy rival operator Partner Communications for US$980 million.
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Altice Europe’s SFR FTTH has entered into a exclusivity agreement with Cube Infrastructure Fund and Partners Group for the acquisition of Covage for €1 billion ($1.1 billion).
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Altice Europe is moving ahead with the planned sale of a stake in its fibre network in Portugal, according to 60% owner Patrick Drahi (pictured).
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Patrick Drahi, the main shareholder in Altice Europe and Altice USA, is to buy the auction house Sotheby’s for $3.7 billion.
