Bharti Acquires 24.5% Stake in BT for $4B

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.