Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company's IPO, Thursday, June 22, 2017.
The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most prized technology assets from foreign takeovers.In a note to shareholders Thursday, BT announced that U.K. Business Secretary Kwasi Kwarteng is "calling in" its deal with Altice, which is owned by telecoms magnate Patrick Drahi. BT said it plans to "fully cooperate" with the review.
The deal, revealed in December, would see the French multinational increase its shareholding of BT Group from 12.1% to 18%...
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