Government to probe French billionaires BT stake over national security fears
Business Secretary Kwasi Kwarteng has told BT that the Government will examine French billionaire Patrick Drahi’s increased 18% stake in the company over national security concerns. Altice, Mr Drahi’s investment arm and the firm’s biggest shareholder, increased its stake from 12.1% to 18% in December last year, increasing fears that the business could be ripe for a takeover. The Government will now seek to examine the move using “call-in powers” […]