Deutsche Telekom raises stake in T-Mobile US, swaps shares with Softbank
fiercewireless.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fiercewireless.com Daily Mail and Mail on Sunday newspapers.
Vodafone Group Plc (VOD) Q1 2022 Earnings Call Transcript
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Billionaire Drahi’s BT Fiber Bet Is a $3.1 Billion ‘Curveball’
Bloomberg 1 hr ago
(Bloomberg)
Patrick Drahi bought a 12% stake in BT Group Plc and pledged to support its high-speed broadband rollout, an unexpected move that marks a return to form by the deal-hungry French-Israeli cable billionaire.
Drahi’s newly created company Altice UK acquired 1.2 billion shares of Britain’s dominant phone company, it said in a statement on Thursday. The stake is worth about 2.2 billion pounds ($3.1 billion) as of Wednesday’s close and makes him the company’s biggest shareholder.
The entrepreneur has a history of challenging the old incumbents in Europe’s telecommunications industry and has often driven far-reaching change and asset sales at the companies he’s invested in. More recently, he’s taken a break from major deals to focus on paying down debt.
Operator
Good morning, ladies, and gentlemen, and thank you for standing by. Welcome to Liberty Global s First Quarter 2021 Investor Call. This call and the associated webcast are the property of Liberty Global, and any redistribution, retransmission or rebroadcast of this call or webcast in any form without the expressed written consent of Liberty Global is strictly prohibited. [Operator Instructions] Today s formal presentation materials can be found under the Investor Relations section of Liberty Global s website at libertyglobal.com.
After today s formal presentation, instructions will be given for a question-and-answer session. Page two of the slides details the company s safe harbor statement regarding forward-looking statements. Today s presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the company s expectations with respect to its outlook and future growth prospects and other information