Mexican billionaire Carlos Slim takes 3.2% stake in BT Group
Mexican billionaire Carlos Slim has taken a 3.2% stake in BT Group.
BT Group
144.00p
12:40 24/12/24
-0.55%
-0.80p
Fixed Line Telecommunications
1,977.78
12:54 24/12/24
1.06%
20.65
FTSE 100
8,136.99
12:59 24/12/24
n/a
n/a
FTSE 350
4,491.87
12:54 24/12/24
n/a
n/a
FTSE All-Share
4,449.61
13:14 24/12/24
n/a
n/a
According to a regulatory filing late on Wednesday, the stake - worth around £400m - was taken by Slim’s family business Inbursa.
A BT spokesman told the Telegraph: "We welcome any investor who recognises the long-term value of our business.
"We have frequent communication with all of our shareholders and meet with major investors on a regular basis. We look forward to engaging with Inbursa, just as we do with all investors."
At 1215 BST, the shares were up 2.6% at 132.79p.
Russ Mould, investment director at AJ Bell, said: "This could be taken as an endorsement of recently appointed chief executive Allison Kirkby’s new strategy for the group."