Bharti Global to Acquire 24.5% Stake in BT Group
Bharti Global, the international investment arm of Bharti Enterprises, is set to acquire a 24.5% stake in the British telecom giant BT Group plc for approximately $4 billion. The shares will be purchased through Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Global. The deal signifies a major expansion of Bharti’s global telecom ambitions and is expected to enhance India-UK bilateral relations.
Initial Purchase: Bharti Global will first acquire a 9.99% stake in BT Group from Altice UK S.à r.l.
Regulatory Clearance: The remaining 14.51% stake will be purchased following necessary regulatory approvals.
Historical Ties: This acquisition deepens a two-decade-long relationship between Bharti and BT, which began in 1997 when BT acquired a 21% stake in Bharti Airtel.
Technological Synergies: The move is expected to foster collaboration in AI, 5G research and development, and core engineering, potentially driving advancements in telecom technologies.
Bilateral Relations: The investment aligns with the Indian government’s vision for stronger international partnerships and supports the recent UK-India Technology Security Initiative.
Economic Ties: This acquisition aims to strengthen economic and technological cooperation between India and the UK, solidifying their strategic partnership.
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