Bharti Global, investment arm of Bharti Enterprises, has entered into an agreement to acquire a 24.5 per cent stake in BT Group Plc from Altice UK. Bharti Global will purchase the shares through Bharti Televenture UK Limited, a company established and wholly owned by Bharti Global.
Altice UK had acquired a 12 per cent stake in BT in 2021, and later increased it to 24.5 per cent.
Bharti Televentures UK Limited has entered into a binding agreement with Altice UK to acquire a 9.99 per cent stake of BT Group’s issued capital imminently with the balance of 14.51 per cent to be acquired following receipt of applicable regulatory clearances.
