Billionaire Drahi’s BT Fiber Bet Is $3.1 Billion ‘Curveball’
- Altice’s 12% stake makes it BT’s largest investor at a stroke
- BT has sought a partner to share 15 billion-pound investment
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Patrick Drahi bought a 12% stake in BT Group Plc and pledged to support its high-speed broadband rollout, an unexpected move that marks a return to form by the deal-hungry French-Israeli cable billionaire.