Altice has announced that it has increased its holding of shares in UK operator BT Group to 24.50%.

Altice has raised its ownership in the renowned UK telecommunications company British Telecom (BT) Group plc from 18% to 24.5%. The transaction, which involved the acquisition of 650 million shares amounted to a total purchase of GBP960 million (US$1,189 million). Patrick Drahi is the controlling shareholder in Altice, which is the parent company of Israeli telecom Hot Telecommunications.