Bharti dials up UK telecom play with $4 billion stake in BT Group

Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group — a move that will make the Indian conglomerate the biggest shareholder in the UK’s second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi’s Altice UK through a combination of cash and debt .