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    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
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    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

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