Government launches probe into French billionaire’s stake in BT due to national security concerns

Moroccan-born billionaire Patrick Drahi’s cost-cutting measures have not always gone down brilliantly with the company’s he took over.

In 2017 Mr Drahi’s personal fortune took a nosedive when he took on dozens of telecoms companies in a short period of time.

Altice had a debt burden of £43billion which made it vulnerable and caused investors to flee. Shares were dumped and Mr Drahi suffered.

But it seems he has since bounced back, as Altice, the company he founded in 2001, buys a 12.1 per cent…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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