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By Kate Holton<\/strong>
LONDON: Billionaire Patrick Drahi<\/a> will not be forced to cut his 18% stake in BT<\/a> Group after the British government ruled the investment posed no national security implications.
BT, Britain's largest mobile and broadband company which is building the national fibre network, said on Tuesday the government had decided not to take any action after it examined the stake-build by the Franco-Israeli entrepreneur.
Drahi is BT's biggest shareholder and has previously pursued debt-fuelled deals to buy assets in France, the United States, Portugal and Israel. He bought 12.1% of BT last year before increasing his holding to 18%.
He said at the time that he did not plan a full takeover and backed its board and management as it rolls out fibre across the country.
Britain introduced new national security legislation earlier this year, giving it powers to scrutinise and intervene in acquisitions to prevent foreign takeovers from damaging resilience in sectors such as defence, digital and energy.
Drahi's increase in his holding to 18% drew a blunt response from the government at the time, which said it was committed to improving the country's digital infrastructure and would not hesitate to act to protect its telecom assets.
It said in May it would \"call in\" the deal, to examine the implications further.
\"BT Group has now been notified by the secretary of state that no further action is to be taken,\" BT said in a statement, referring to Drahi's investment vehicle Altice.
The announcement of a government investigation had knocked BT's shares on the day. On Tuesday they were up 1.5% in early trade, giving the company a market valuation of 15.8 billion pounds.
BT is currently having to navigate a difficult path, seeking to rapidly build a new fibre network while the economy deteriorates and more than 40,000 of its staff hold strike action over pay.
Its shares have recovered from the lows of the pandemic but remain well below a 2016 peak which came before five years of revenue decline. Results in July showed sales growth in the first quarter, helped by above-inflation price rises.
BT's second largest shareholder is Germany's Deutsche Telekom which owns around 12%, giving two major foreign peers sizeable stakes in Britain's biggest telecoms company.
Drahi's Altice also controls SFR, France's second-biggest telecoms company.
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英国不会采取行动Drahi在英国电信的股份
BT,英国最大的移动和宽带公司正在建设全国纤维网络,周二表示,政府已决定不采取任何行动后检查的stake-build Franco-Israeli企业家。
由凯特·霍尔顿
伦敦:亿万富翁帕特里克Drahi将不会被迫削减他的18%的股份英国电信集团在英国政府统治所带来的投资没有国家安全的影响。
BT,英国最大的移动和宽带公司正在建设全国纤维网络,周二表示,政府已决定不采取任何行动后检查的stake-build Franco-Israeli企业家。
Drahi BT的最大股东,以前追求债务交易购买资产在法国,美国,葡萄牙和以色列。他购买了BT去年增加12.1%的持股比例降至18%。
他当时表示,他没有计划全面收购和支持其董事会和管理层推出全国纤维。
英国今年早些时候推出了新的国家安全立法,给它权力审查和介入并购阻止外资收购损害弹性国防等行业,数字和能源。
Drahi增加他的政府控股18%画了一个钝的回应,表示它正在致力于改善该国的数字基础设施,将毫不犹豫地采取行动,保护其电信资产。
它今年5月表示,将“召集”,进一步检查的影响。
“英国电信集团已经通知的国务卿没有采取进一步的行动,“BT在一份声明中说,指Altice Drahi的投资工具。
宣布政府调查了英国电信的股票。周二早盘交易中上涨了1.5%,给公司的市场估值158亿英镑。
BT目前不得不在一条艰难的道路,寻求快速构建一个新的光纤网络在经济恶化和超过40000名员工举行罢工。
其股价从低点回升的大流行,但仍远低于2016年的峰值,之前五年的收入下降。结果显示,第一季度销售增长,7月通胀率的帮助下物价上涨。
BT的第二大股东是德国的德意志电信拥有12%左右,给了两个主要的外国同行在英国最大的电信公司相当大的股份。
Drahi Altice也控制SFR,法国第二大电信公司。
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