Bharti Global, the international investment arm of Bharti Enterprises, has officially acquired a 24.5 per cent stake in BT Group, the UK’s second-largest telecom company, from Altice UK. The deal, valued at approximately USD 4 billion, positions Bharti as the majority shareholder in the British telecom giant, a significant step in the company’s global telecom expansion.
Sunil Bharti Mittal, Chairman of Bharti Enterprises, expressed his optimism regarding the future of BT, praising the company's renewed focus on network optimisation and consumer growth. He stated that BT is well-placed to consolidate its position as a leading global telecom player, offering long-term value to investors. Mittal has long recognised the immense potential in BT, and this investment reflects his confidence in the company’s strategic direction.
BT Group, in a statement, acknowledged the importance of Bharti’s investment, calling it a vote of confidence in the company’s future. CEO Allison Kirkby welcomed Bharti’s increased stake, noting the strong track record of success that Bharti Enterprises has demonstrated in the telecom sector. She expressed excitement about the ongoing partnership and anticipated a positive and collaborative relationship with Bharti in the years ahead.
The acquisition underscores the growing ties between Bharti Enterprises and BT Group, following a longstanding association between the two. With the deal now finalised, Bharti’s strategic involvement in BT’s future is set to play a significant role in shaping the company’s competitive edge in the global telecom market.
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