Telecoms tycoon Patrick Drahi, having earlier this month bought a large slice (12.1 per cent) of BT, has made a bid to buy Eutelsat. Drahi is said to have offered a €2 (17 per cent) premium over Eutelsat’s current €10.35 share price. Drahi controls the cellular and cable business Altice. A September 30th statement from […]

Altice UK, a business wholly owned by telecoms entrepreneur Patrick Drahi, has acquired a 12.1 per cent equity stake in BT Group for a reported £2 billion (€2.3bn). Responding to a ‘Holdings in Company’ announcement following the acquisition, BT issued a statement regarding the investment. “BT Group notes the announcement from Altice of their investment […]