Bharti Acquires 24.5% Stake in BT for $4B
Bharti Acquires 24.5% Stake in BT for $4B
Bharti Acquires 24.5% Stake in BT for $4B
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Bharti Enterprises, led by Sunil Bharti Mittal, is set to acquire a 24.5% stake in BT Group from Altice UK for approximately $4 billion, making it the largest shareholder. The acquisition will be executed in two phases: an immediate purchase of 9.99%, followed by an additional 14.51% after regulatory approvals. Mittal emphasized the long-term strategic nature of the investment, aligning with his vision of strengthening India-UK relations and leveraging synergies in technology and telecom. Despite acquiring a significant stake, Bharti has no plans to take control of BT or seek a board seat. The deal highlights Bharti's confidence in BT's management and future growth prospects, reinforcing its commitment to international investments.

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India's Bharti to buy Drahi's stake in BT, worth $4 billion
In role reversal, Bharti acquire 24.5% of iconic BT in $4 billion deal
The ‘risk taking’ Indian billionaire with big plans for BT
The ‘risk-taking’ Indian billionaire with big plans for BT
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Last Updated
37 days ago
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Story Coverage
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CNBC
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India's Bharti to buy Drahi's stake in BT, worth $4 billion
In role reversal, Bharti acquire 24.5% of iconic BT in $4 billion deal
The ‘risk taking’ Indian billionaire with big plans for BT
The ‘risk-taking’ Indian billionaire with big plans for BT

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