Bharti Global to buy 25% in British Telecom

NEW DELHI: Bharti Global, the international investment arm of Bharti Enterprises, will purchase 24.5% stake in British Telecom Group, the UK’s largest mobile and broadband services provider, for an undisclosed amount. The shares will be acquired via Bharti Televentures UK Ltd, a wholly-owned subsidiary of Bharti Global.

It has entered a binding agreement with Altice UK to acquire 9.99% stake in BT Group’s issued capital immediately, with the remaining 14.51% stake to be acquired after receiving regulatory clearances.