Attractive buy, good long-term investment: Sunil Mittal on Bharti’s stake acquisition in BT

New Delhi: Bharti Enterprises Chairman Sunil Mittal on Monday said the conglomerate’s decision to acquire a 24.5 per cent stake in BT Group marks a “good, long-term investment” and an “attractive buy”, citing the British company’s strong portfolio of home broadband, fibre, mobile and enterprise offerings. Mittal, a telecom industry stalwart, exuded confidence about the investment and business prospects of BT and indicated that while the priority, for now, is to understand the company and the UK market in-depth, “if there are more opportunities in Europe, we will certainly be open to it in future”.