All Patrick Drahi articles
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Financial & PerformanceRevenue flat at UK telcos’ M&A sherpa
Robey Warshaw sees slight dip in takings despite recruitment of former UK Chancellor George Osborne.
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Public Affairs
Spain ‘to extend’ Telefónica shield as macro headwinds build
Reports suggest the ‘anti-takeover’ shield could be extended to end-2023.
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Venturing & Investments
Vodafone goes French for German FibreCo deal
Read goes off-balance sheet with French telecoms group to build FTTP network passing seven million homes.
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Network & Infrastructure
Don’t bank on the big two for buyouts, Brit altnets warned
As UK Infrastructure Bank highlights challenge of financing fibre rollout at pace, a report from Communication Chambers warns altnets to consider consolidation plans carefully.
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Strategy & Change
Government drops probe into Drahi’s BT stake
Business Secretary closes investigation into Patrick Drahi’s 18% stake acquisition, deeming it no threat to national security.
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Public Affairs
BT eSIM strategy entangled in UK security reviews
The fire sale of eSIM platform developer Truphone has reportedly been disrupted by security services concerns linked to a remote SIM provisioning contract with BT.
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Strategy & Change
Drahi returns to BT spotlight amid fresh takeover speculation
All eyes on French billionaire as six-month ban on BT takeover bid expires tomorrow.
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Public Affairs
Drahi’s BT stake raises national security concerns
UK Business Secretary Kwasi Kwarteng wields National Security & Investment Act to review, and potentially reverse, Altice UK’s latest BT stake acquisition.
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Corporate
Openreach’s Selley in the dark about Drahi’s aims
Openreach CEO has met the Altice UK owner several times over the years. Selley sees BT as a “very good owner” that has the UK government’s ear.
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Strategy & Change
Elsewhere in Deutsche Telekom Group: Inmarsat takeover facing opposition
Illek wary on Drahi’s BT intentions; Nemat urges sector to “be human”; Inmarsat deal said to be causing UK ructions.
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Strategy & Change
Elsewhere in Openreach: £20,000 reward for cable theft information
What next for Openreach under Drahi?; apprentice hiring spree targets diversity; Plusnet readies for FTTP entrance.
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Financial & Performance
BT’s M&A chaperone boosts takings
Boutique advisory firm Robey Warshaw reports a 50% jump in sales from corporate deal-making tasks. Partner of BT and Vodafone appears primed to benefit from industry’s new wave of consolidation.
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M&A
VM O2 CEO happy as spectator to BT takeover saga
Lutz Schüler, CEO at Virgin Media O2, said he “thanks God” his business is not distracted by shareholder goings on. Comes after Patrick Drahi expanded his shareholding in VM O2 rival BT. Schüler’s attention fixed on customer experience improvements and fibre rollout.
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M&A
Defences up as Drahi increases BT stake
Patrick Drahi’s Altice UK stops short of a takeover bid, but increases holding to 18%. UK government issues warning that it “will not hesitate” to protect national interests amid concerns of foreign investment in critical infrastructure incumbent. Takeover not Drahi’s ‘intention’, but caveats are in place.
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M&A
Will Drahi come knocking on BT’s door?
Six months on from French billionaire’s surprise raid on BT, Altice UK now free to up its stake or mount a takeover bid. Jansen called in for meeting with UK government minister to get the lowdown on Drahi’s intentions.
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M&A
Reliance denies interest in acquiring BT stake
BT share price jumps on report that Indian conglomerate eyeing a move for UK incumbent. Reliance quick to dismiss the article as “completely speculative and baseless”, but City still excited.
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Financial & Performance
H1 FY21–22 at BT: scale and service to beat competition
InfraCo JV talks closed as rising fibre demand and lower build costs dilute benefits of external funding. CFUs continue their struggle, with Global faring especially poorly in pandemic bounce-back, but new services and improved brand reputation appear a source of hope. Future revenue growth anticipated, but efficiencies and reduced ...
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Venturing & Investments
Höttges: “All options open” for BT stake
Patrick Drahi free to make bigger move on BT from 11 December. French billionaire is planning to increase BT stake, reports Reuters. Sources say any move likely to involve DT. Höttges keeps cards close to chest.
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Financial & Performance
BT highlights cost-cutting progress as Drahi waits in wings
Group confirms it has achieved its headline £1bn savings target well ahead of original March 2023 deadline. Announcement is an attempt to display strengths ahead of this week’s Q2 results and in the face of potential Altice takeover bid before the end of the year.
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Strategy & Change
BT picks advisors to patch takeover vulnerabilities
Robey Warshaw testing BT defences ahead of the end of restrictions on a full takeover bid from major shareholder Altice. Jansen’s ambitious strategy coupled with share price volatility may also be contributing to need for additional City counsellors.
