A billionaire buying bits of BT needn’t ring alarm bells | Nils Pratley

A billionaire buying bits of BT needn’t ring alarm bells | Nils Pratley

on Thursday
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https://www.theguardian.com/business/nils-pratley-on-finance/2021/jun/10/billionaire-bt-alarm-bells-altice-patrick-drahi

Move for 12% stake by Altice’s Patrick Drahi could be a good thing, though only time will tell

A vote of confidence in the company? That’s always a board’s default spin on events when a billionaire buys a large stake, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is rarely convincing because billionaires are not generally the type to sit back and simply collect a stream of dividends. They tend to want something.