Bharti Enterprises to acquire majority stake in BT

Bharti Enterprises has announced plans to acquire a majority stake in BT, the UK’s largest broadband and mobile provider.

Bharti will purchase approximately 24.5% of BT Group from its current top shareholder, Altice. The acquisition will be executed through Bharti Global, the international investment arm of Bharti Enterprises.

Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, commented on the historical significance of this move: "Bharti and BT have an...

12 August 2024 | 5G

UK satellite firm OneWeb receives a $500M boost from Bharti

UK-based LEO (Low-Earth Orbit) satellite firm OneWeb is continuing a big news week with a $500 million investment from Bharti Global.

OneWeb received $1 billion from the UK Government and Bharti Global last year.

Rt. Hon Kwasi Kwarteng, MP, Secretary of State, BEIS, said:

“Today’s additional $500 million investment in OneWeb by Bharti marks yet another vote of confidence in the company from the market. It’s clear that investors see a strong future for...

30 June 2021 | Networks