Altice: National Security & Investment Act Update

Source: RNS
RNS Number : 8409W
BT Group PLC
23 August 2022

23 August 2022

BT Group plc

Altice Europe N.V.: National Security and Investment Act 2021 - Update


On 26 May 2022, BT Group plc ("BT Group") announced that it had received notification from the Secretary of State for Business, Energy and Industrial Strategy that he had considered the increase by Altice Europe N.V. of its shareholding in BT Group from 12.1% to 18% and was exercising his call-in power under section 1 of the National Security and Investment Act 2021 (the "Act").

BT Group has now been notified by the Secretary of State that no further action is to be taken under the Act in relation to the increase by Altice Europe N.V. of its shareholding in BT Group from 12.1% to 18%.




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About BT Group

BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Enterprise and Global are our UK and international business-focused units respectively; Openreach is an independently governed, wholly owned subsidiary, which wholesales fixed access infrastructure services to its customers - over 650 communication providers across the UK.

For the year ended 31 March 2022, BT Group's reported revenue was £20,850m with reported profit before taxation of £1,963m.

British Telecommunications plc is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

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