Bharti Enterprises patriarch Sunil Mittal applauded perennial laggard British Telecom\u2019s \u201cglorious past\u201d this week upon his group\u2019s agreement to buy almost a quarter of BT Group Plc, the former telecommunications monopoly, from Altice UK, part of Patrick Drahi\u2019s troubled telecommunications empire. There are enough reasons to accept his rationale for the multibillion-dollar bet about the company\u2019s future.<\/p>\n
For one, it\u2019s the first big corporate wager on Keir Starmer\u2019s promise to \u201ctake the brakes off Britain.\u201d Mittal has said in the past that \u201cthe telecom business is about three things: network, network, network,\u201d and BT\u2019s plans do mesh with that belief. BT\u2019s slow buildout of Britain\u2019s broadband backbone, through Openreach Ltd, may eventually deliver a stable revenue stream.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bharti Enterprises patriarch Sunil Mittal applauded perennial laggard British Telecom\u2019s \u201cglorious past\u201d this week upon his group\u2019s agreement to buy almost a quarter of BT Group Plc, the former telecommunications monopoly, from Altice UK, part of Patrick Drahi\u2019s troubled telecommunications empire. There are enough reasons to accept his rationale for the multibillion-dollar bet about the company\u2019s future. For one, it\u2019s the first big corporate wager on Keir Starmer\u2019s promise to \u201ctake the brakes off Britain.\u201d Mittal has said in the past that \u201cthe telecom business is about three things: network, network, network,\u201d and BT\u2019s plans do mesh with that belief. […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-845395","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=845395"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845395\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=845395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=845395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=845395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}