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Telecom industry cheers deal for $65B in broadband funding lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
Joe Biden appoints Lina Khan to head the Federal Trade Commission economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.
Rakuten network wins plaudits but could need a 'Hail Mary' deal lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
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. ....