BT GROUP PLC

12 Aug

Drahi Is Making Good on Pledge to Sell Assets. But to What End?

stp2y0 CommentsRAG modelsBT GROUP PLC, Debt, Earnings, France, media, OUTBRAIN INC, Sunil Bharti Mittal, Taxes, Technology, United Kingdom, United States

Patrick Drahi is in for a pay day after agreeing to sell his stake in BT Group Plc. That may or may not be good news for creditors of Altice.If the billionaire owner of the media giant decides to use the money from the sale of Altice UK’s 24.5% stake in BT to pay down debt, it will come just in time for creditors getting ready for a bruising round of debt talks to limit writedowns. Source link lol

12 Aug

India’s Bharti Agrees to Buy 24.5% of Carrier BT From Altice

stp2y0 CommentsRAG modelsacquisitions, advertising, Armando Pereira, BT GROUP PLC, Debt, india, infrastructure, OUTBRAIN INC, Portugal, Technology, United Kingdom

Bharti Global has agreed to buy about 24.5% of BT Group Plc, a deal to invest in a $17 billion British carrier that will accelerate an expansion overseas.Bharti, an affiliate of Indian conglomerate Bharti Enterprises, is buying stock from shareholder Altice UK, it said in a statement. The Indian firm said it has no intention of offering to buy out the rest of BT. Source link lol