BT Says UK to Probe Altice UK Shareholding Increase on National Security Grounds -- Update
26 May 2022 - 05:50PM
Dow Jones News
By Kyle Morris
BT Group PLC said Thursday that the U.K. government will look
into the increase by Altice UK of its shareholding in the telecom
group under the National Security and Investment Act 2021.
The U.K. telecom company said it will fully cooperate with the
review.
On Dec. 14, Altice UK said that it had acquired a further 585
million shares in BT Group, taking its holding to 18% from
12.1%.
Shares in BT Group at 0713 GMT were down 7.70 pence, or 4.1%, at
182.20 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
May 26, 2022 03:35 ET (07:35 GMT)
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