Bharti Global Completes 24.5% Stake Acquisition in BT Group, Becomes Largest Shareholder

Bharti Global, the international investment arm of Sunil Bharti Mittal-led Bharti Enterprises, finalized its acquisition of a 24.5% stake in UK’s BT Group plc for $4 billion, making it the largest single shareholder. The deal, completed in November 2024, involves purchasing shares from Altice UK, with regulatory approvals secured for the remaining 14.51% after an initial 9.99% acquisition. Mittal highlighted BT’s focus on network expansion and consumer growth, calling it a “vote of confidence” in the UK’s stable business environment. The move strengthens India-UK telecom collaboration in AI, 5G, and core engineering.

 

Sources: The Financial Express, Times Of India, Business Today,