BT to find new CEO amid takeover rumours

BT CEO Philip Jansen has revealed his plans to step down from his position, sparking rumours of a possible takeover bid for the telecommunications company.

BT stated that Jansen would depart at an "appropriate moment" within the next 12 months. 

The news comes as BT intensifies efforts with advisors Robert Warsaw and Goldman Sachs to strengthen its takeover defence strategy, amidst speculations of interest from Deutsche Telekom, which currently holds a 12 percent...

10 July 2023 | Broadband

Altice fuels takeover concerns as its BT ownership increases to 18%

BT Tower

Altice, the telecoms group of French billionaire Patrick Drahi, has increased its ownership of BT to 18 percent from 12.1 percent.

Drahi’s growing interest in BT has fuelled concerns amongst the company’s leadership and the UK government, with a Downing Street spokesperson stating the “situation is being monitored carefully”.

The French billionaire, known for being a prolific dealmaker, shocked the industry in June when his company paid £2.2 billion for a 12.1...

16 December 2021 | Legislation & Government