Bharti Global to acquire about 24.5% stake in BT Group from Altice UK

Telecom czar Sunil Bharti Mittal’s conglomerate will buy a 24.5 per cent stake in Britain’s largest broadband and mobile company, BT Group, worth about USD 4 billion.

Bharti Global, the international investment arm of Bharti Enterprises, will buy 9.99 per cent stake in BT Group from Patrick Drahi’s Altice immediately and purchase the remainder after it had secured the necessary regulatory approvals, the firm said in a statement.