Private equity firms and investment funds are sizing up BT’s Openreach division as the telecoms giant braces itself for a potential shake-up triggered by its largest shareholder, Patrick Drahi.
Sources told the The Mail on Sunday that potential suitors – said to include private equity firms CVC and Apax, and infrastructure investors Brookfield and Macquarie – had run fresh analyses on the value of Openreach that could price the cables division at an eye-watering £40billion.
The Franco-Israeli telecoms tycoon’s company Altice UK took a 12.1 per cent stake in BT in June, worth £2.2billion.
Read more/Source: This Is Money
