BT Group shares rose after the company said Mexican billionaire and telecommunications entrepreneur Carlos Slim Helu bought a 3.16% stake, making him the latest prominent investor to back the U.K. company.
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Shares of BT Group surged Thursday after the firm announced a target of a further £3 billion ($3.8 billion) in cost savings.
BT Group BT.A has said it is looking to reduce its workforce by possibly more than 40% by the end of the decade.
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