Twitter LinkedIn
    Sunday, October 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»As French billionaire stalks Britain’s biggest telecoms group, private equity firms size up BT cable arm – sending its value rocketing to £40BN
    Deals & Transactions

    As French billionaire stalks Britain’s biggest telecoms group, private equity firms size up BT cable arm – sending its value rocketing to £40BN

    November 29, 2021Updated:November 29, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    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

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT

    June 3, 2023

    Warburg and Advent in the lead to acquire Baxter’s biopharma unit

    May 13, 2023

    BlackRock Sells Asset-Backed Bonds From Credit Suisse’s Books

    April 14, 2023

    KKR buys stake in communications firm FGS Global

    April 11, 2023

    Comments are closed.

    Other Articles

    GTCR Closes $2 Billion Strategic Growth Fund

    January 27, 2022

    MEIF invests GBP100 million into Midlands’ businesses

    March 30, 2021

    Humana in Advanced Talks to Sell Hospice Business to CD&R

    April 21, 2022

    Allianz raises €500m so far for first global private debt fund

    September 15, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?