Bharti Group to Acquire 24.5% Stake in BT Group from Altice UK

Aug 12, 2024, 06:30 AM

Bharti Group has agreed to acquire a 24.5% stake in BT Group from Altice UK. The deal represents an investment in the $17 billion British telecommunications carrier, aimed at accelerating Bharti's expansion overseas. This acquisition will support BT's plans to build fiber networks, roll out 5G technology, and develop services. The Indian High Commissioner to the UK, Vikram Doraiswami, expressed his delight over Bharti Global's investment, highlighting its potential benefits for BT's infrastructure and service development.