News

Lordstown Motors vs. Workhorse Group: Which Commercial EV Stock Is A Better Pick?

Bloomberg

Billionaire Drahi Makes $3.1 Billion Bet on BT’s Fiber Plan

(Bloomberg) — Billionaire Patrick Drahi has bought a 12% stake in BT Group Plc, in a high-profile backing of the company’s plan to expand its high-speed broadband internet network.Altice UK, a newly created company, has agreed to buy 1.2 billion shares of BT, it said in a statement on Thursday. The stake, which a spokesman said was acquired over the past few days, had a value of about 2.2 billion pounds ($3.1 billion) as of Wednesday’s close.Drahi said he’ll use Altice’s expertise in rolling ou

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News