Bharti Global Acquires 24.5% Stake in BT Group

Bharti Global, the international investment arm of Bharti Enterprises, has successfully acquired a 24.5% stake in BT Group from Altice UK for $4 billion, making Bharti the largest shareholder in the UK’s second-largest telecom company. Sunil Bharti Mittal, Chair of Bharti Enterprises, expressed optimism about BT's potential, highlighting its focus on strengthening networks and consumer growth as key factors for future success. This acquisition marks a significant international expansion for Bharti, following its previous ventures in Africa. BT Group's leadership welcomed the investment as a strong endorsement of their business strategy and future prospects. The deal involves an immediate acquisition of 9.99% and plans to secure the remaining stake pending regulatory approvals. This transaction reflects a notable shift in ownership structure within BT Group, which could influence its strategic direction and market performance.