Bharti Global to acquire 24.5% stake in UK’s BT Group

Bharti Global, the international investment arm of Bharti Enterprises (Bharti), an Indian business group with companies in telecoms, digital infrastructure and space communications, on Monday announced that it has reached an agreement to acquire 24.5 per cent of the issued share capital of BT Group plc from Altice UK.

The shares will be purchased through Bharti Televentures UK Ltd – a company established and wholly owned by Bharti Global. Bharti Televentures UK Ltd has entered into a binding agreement with Altice UK to acquire 9.99 per cent stake of BT Group’s issued capital imminently with the balance 14.51 per cent of BT’s share capital to be acquired following receipt of applicable regulatory clearances, the company said in a statement.