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Altice’s increased stake in BT referred for national security assessment

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Published on: 26 May 2022
Published by LNB News

LNB News 26/05/2022

Document Information

Issue Date: 26 May 2022

Published Date: 26 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Business Secretary Kwasi Kwarteng has called for a full national security assessment relating to Altice’s acquisition of a further 6% of shares in BT. Under the National Security and Investment Act 2021, the government has powers to both examine and intervene in qualifying acquisitions on the grounds of national security. The government has 30 working days (increasable by a further 45 working days), to conduct its evaluation.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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