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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