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BT’s board, and government ministers, on red alert over Patrick Drahi

BT’s board, and government ministers, on red alert as French billionaire Patrick Drahi plots his next move on company










BT’s board, and government ministers, are on red alert as French billionaire Patrick Drahi plots his next move on the company.

The 58-year-old tycoon bought a 12.1 per cent stake in BT in June – making him the largest shareholder.

Towering threat: French billionaire Patrick Drahi bought a 12.1 per cent stake in BT in June – making him the largest shareholder

Towering threat: French billionaire Patrick Drahi bought a 12.1 per cent stake in BT in June – making him the largest shareholder

City rules meant he was barred from adding to his holding for six months – a period that ends today. 

Speculation has been rife that Drahi will raise his stake and seek a seat on the board. 

A Whitehall source said: ‘If an attempt to buy [BT] comes forward it will end up on a minister’s desk and the Government will have to make a decision.’ 

The source said BT is a ‘huge asset’ to the UK.

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