Bharti Global Acquires Stake In Bt

BT Group Shares Soar as Bharti Global Acquires Major Stake

Bharti Global Acquires Stake in BT

Bharti Global has announced that it has agreed to acquire a 24.5% stake in BT Group Plc, leading to a surge in the company's shares on the FTSE 100 index.

Deal Details

The acquisition involves Bharti purchasing a stake from Altice UK for an undisclosed amount. The deal will make Bharti the largest shareholder in BT.

BT Group is a leading telecommunications and network provider in the United Kingdom, offering a range of services including broadband, mobile, and business solutions.

Bharti Global is a subsidiary of Bharti Enterprises, one of India's leading business conglomerates with interests in telecommunications, real estate, and retail, among others.

The acquisition is expected to strengthen BT Group's financial position and support its growth strategy in the coming years.