UK govt approves Bharti Global’s acquisition of 24.5% stake in BT

The UK government has approved Bharti Global’s acquisition of a 24.5 per cent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August.

The Cabinet Office said its decision comes into force on Monday after an assurance that BT would set up a National Security Committee to oversee strategic work.