RE: Telecom Italia board to meet Sunday on KKR's takeover proposal.21 Nov 2021 22:12
Drahi couldn't take over BT alone, any BID would require other partners and the BID would have to be friendly, or the Government would just block it anyway, under the new National Security and Investment legislation. Any potential suitor would realise that they'd need BOD support to make it viable, and they'd also have to guarantee the investment into Openreach FTTP. If I'm being really honest, I don't see any way BT would be taken over by Drahi.
Herein lies the problem. It’s not just buying the BT group at say 30-40 Billion then the £15 Billion required for the FTTP upgrade then cover the £6 Billion pension deficit and the company debt it really is unviable unless a sovereign wealth fund the size of Saudi Arabia is interested… Certainly not Drahi who doesn’t have a pot to pish in lol