ICYMI: Billionaire Patrick Drahi increased his stake in BT to 18%, becoming the company's top shareholder and drawing a defensive response from the UK government as talks swirl of a takeover
Analysts have speculated Drahi could push BT to separate its networks arm Openreach to achieve a higher valuation shorn of the risks related to BT's enterprise and consumer units.
Mark Dorff, partner at law firm Brown Rudnick, said a potential takeover of BT is precisely the sort of transaction that the government would have the power to stop. He said on Tuesday that he fully supported BT's strategy to build a full fibre broadband network; "an investment programme which is so important to both BT and to the UK".
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