Posts tagged: BT Group
There is a big buzz around BT Group this morming amid reports from India claiming that Reliance Industries is weighing a multi-billion pound bid for the ailing telecommunications company.
According to The Economic Times, Reliance - which is controlled by Mukesh Ambani, supposedly Asia's "richest man" - is considering making an offer for the whole of BT Group, which recently saw French billionaire Patrick Drahi come onto the register with a large shareholding...
There were quite a few articles that caught Betaville's in the Sunday newspaper business sections this week.
Indeed, one of the most interesting pieces was an on the record, set piece interview by Jim "Armo" Armitage, The Sunday Times business editor, with Nick Read, chief executive of Vodafone...
Apologies for the tardy review Betavillers; I was tied up with a few things yesterday, including having a row with a rather rude man from GlaxoSmithKline.
Anyway, I spotted a couple of interesting snippets in the Sunday newspaper business sections yesterday...
Oliver "Shahsy" Shah was talking up the prospect of a takeover bid for FTSE 100-listed BT Group takeover in his column in today's The Sunday Times business section. Below is the link:
If you were wondering how Patrick Drahi's Altice managed to suddenly turn up with a 12.1pc stake in BT Group then you should read Alistair Osborne's column in today's business section of The Times.
According to Alistair's piece, Drahi's advisers at Morgan Stanley and BNP Paribas bought most of the stock on their own accounts in small batches via derivatives and then handed it over to Drahi's sub-3pc holding. Below is the link to the full column:..
Patrick Drahi, the French telecoms billionaire, has finally revealed his hand regarding his interest in BT Group.
This morning Altice, the telecoms company controlled by Drahi, has revealed it has bought a 12.1pc in the London-listed telecoms giant.
Now, for loyal followers of my work news of Drahi's interest may not come as too much of a surprise...
Today's British Sunday newspapers all led with cracking corporate scoops on their respective front pages - something Betaville hadn't seen for a while.
There was The Sunday Telegraph's tale about William Hill's new owner selling off its British betting shops, possibly to Apollo. Below is the link:..
Betaville has been watching the goings on at BT Group with interest.
For readers unfamiliar with the situation, the company recently announced Jan Du Plessis, the chairman, was planning to retire but that announcement was swiftly followed up by a scoop from the Kleinmanator of Sky News about how Philip Jansen, BT's chief executive, gave boardroom colleagues an ultimatum over his own future that led to the departure...
Hat tip to Alex Ralph. The hard working hack on The Times busness section dug up a rather good line in today's newspaper about how Philip Jansen, BT Group's newish chief executive, is now open to selling a stake in Openreach (whose valuation is £20 billion, by the way). Below is a link to Alex Ralph's story:..