Billionaire Drahi Soon Gets a Fresh Shot at BT. Will He Take It? [Business News Network (BNN) (Canada)]
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Source: Business News Network
The moment -- a year since the founder of Altice Europe NV unexpectedly became BT's biggest shareholder -- brings back into play a company now part-owned by two of Europe's biggest broadband groups, opening the door to long-awaited restructuring in the continent's telecoms sector. Aside from the former British monopoly, German giant Deutsche Telekom AG has skin in the game, with US assets also potentially involved. “You'll hear all the CEOs around Europe talking about the theme, about further consolidation,” Chief Executive Officer Philip Jansen said at a dinner with reporters in London last month. BT's two biggest shareholders “recognize that the industry structure could be improved.” Since securing a 12% stake last June and then expanding the holding to 18% in December, the 58-year-old has kept close tabs on BT's development. Jansen said he regularly hears from Drahi after quarterly results and said the billionaire pushes for faster execution on rolling out fiber infrastructure
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