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Carlos Slim Acquires 3% Stake In BT; Credit Neutral

COMMUNICATIONS

Rating: BBB/BBB


  • Carlos Slim's family investment firm acquired a 3% stake in BT, valued at GBP ~400mn, joining other major shareholders like Altice and Deutsche Telekom.
  • BT welcomed the investment, emphasizing recognition of its long-term value; Slim's spokesperson stated it's “just a financial investment, as we often make in many companies”.
  • Slim's past telecom investments include stakes in KPN, Telekom Austria, and an unsuccessful bid for Telecom Italia in 2007.

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