*UKHotViewsExtra* Altice invests in 12.1% BT stake

Another sizeable wedge of BT has found its way into European hands after Altice gained a 12.1% stake in the UK company.

France’s second largest telco stressed it would not make a takeover bid and fully supports BT’s current strategy - particularly when it comes to meeting government targets for the mass rollout of high speed fibre broadband which may ultimately prove extremely lucrative for both BT and its shareholders.

Subscribers to TechSectorViews can read our HotViewsExtra analysis of the Altice BT investment here. If you don’t have a subscription please contact Deb Seth for details or access our UKHotViews Premium service for more details.

Posted by Martin Courtney at '10:14' - Tagged: investment   broadband   fibre   telecommunications