Kwasi Kwarteng to review French billionaire’s BT stake over security concerns
by Kalyeena Makortoff from World news | The Guardian on (#5ZNFC)
Business secretary intervenes after biggest shareholder Patrick Drahi raised stake in UK telecom giant to 18%
The business secretary has used new government powers on national security to intervene in a potential takeover of BT by its biggest shareholder, the French billionaire Patrick Drahi.
BT said Kwasi Kwarteng would investigate the move by Drahi's telecoms group Altice, after it increased its stake in BT from 12.1% to 18% in mid-December.
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