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Airtel-parent to buy $4-bn stake in Britain's largest teleco BT
short by Ashley Paul / on Monday, 12 August, 2024
Airtel-parent Bharti Enterprises will acquire a 24.5% stake in Britain's largest telecommunications firm BT Group for an estimated $4 billion. The company will buy the shares from telecom tycoon Patrick Drahi-founded Altice UK and will become BT's largest stakeholder. BT was a major shareholder of Bharti Airtel from 1997-2001, when it owned 21% in the Indian telecom giant.
read more at NDTV Profit