In role reversal, Bharti acquire 24.5% of iconic BT in $4 billion deal

Bharti Global announced the acquisition of a 24.5% stake in BT Group plc from Altice UK, making it the largest shareholder. Bharti had already acquired 9.9% of BT. The move aligns with Bharti's strategy of investing in developed markets and enhancing India-UK business ties, subject to regulatory approvals and security clearance.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2K97ahC