Bharti Enterprises Acquires 24.5% Stake in BT Group from Altice

Indian Tech and Telecoms Giant Makes Strategic Investment

Key Points:

• Bharti Enterprises, owned by billionaire Sunil Bharti Mittal, has acquired a 24.5% stake in BT Group from Altice for around £3.2 billion.
• BT is the UK's former telecoms monopoly and a major player in the global communications market.
• Bharti Airtel, a subsidiary of Bharti Enterprises, has over 400 million customers worldwide.

This acquisition marks a significant milestone in the relationship between Bharti Enterprises and BT Group. In 1997, BT acquired a 21% stake in Bharti Airtel, India's leading telecom operator. Bharti's latest move to acquire a 24.5% chunk in BT Group represents a major strategic investment for the Indian conglomerate.

The investment is expected to strengthen the relationship between the two companies and provide new opportunities for collaboration in the areas of technology, innovation, and global expansion.