Billionaire Tycoon Carlos Slim’s Investment Firm Discloses 3.2% Stake in BT

The move is ‘just a financial investment,’ spokesman says
Telecom company is working to cut costs under new CEO

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By Amy Thomson and Yazhou Sun

June 12, 2024 at 4:25 PM UTC

Updated on

June 12, 2024 at 7:36 PM UTC

This article is for subscribers only.

Billionaire Carlos Slim’s family investment firm has disclosed a 3.2% stake in UK telecommunications company BT Group Plc, whose new chief executive officer has reversed share declines and boosted the dividend in the past month.

Slim’s firm, Control Empresarial de Capitales SA de CV, crossed a regulatory threshold requiring it to report its stake on June 6, BT said in a filing on Wednesday.