Who has acquired majority ownership of BT? Is it an issue of national security?Sun 7:37 pm Europe/London, 25 Sep 2022
Many thanks to sovereigntea for this information.
British Telecom (BT) enjoys the custom of almost 30 million people across the UK. It is the largest provider of broadband communications services in the state.
It has a significant presence in 180 different countries across the world. It lays claim to the backbone of British internet infrastructure and even handles key service contracts in government departments.
However, in the last year a mysterious French-Israeli billionaire Patrick Drahi has become the largest shareholder of the company raising his stake to 18%.
This move has prompted the British government to make use of the new National Security and Investment Act to investigate Drahi’s Altice company on the basis of concerns around national security.
But why would Patrick Drahi majority ownership of British Telecom be an issue of national security?