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1. • 24.5% shareholder in BT

     • Indian conglomerate Bharti Global is poised to become a 24.5% shareholder in BT, buying French media giant Altice’s stake in the firm, it said on Monday. The business giant said it has entered into a binding agreement with Altice to buy a 9.99% stake in BT.
     www.independent.co.uk/business/indian-telecoms-giant-bharti-to-take-24-5-stake-in-bt-b2594912.html

     Indian telecoms giant Bharti to take 24.5% stake in BT

2. People also ask

   Is Bharti buying BT?

   • Bharti, an affiliate of conglomerate Bharti Enterprises, is buying the 24.5% stake from shareholder Altice UK, part of Patrick Drahi’s troubled telecommunications empire. Drahi has been selling off assets to pay down debt and the BT stake is among his most valuable.

   India’s Bharti Swoops In to Buy 24.5% of BT From Troubled Altice

   www.bnnbloomberg.ca/business/international/2024/08/12/indias-bharti-agrees-to-buy-245-of-carrier-bt-from-altice/

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   Will Bharti buy Airtel?

   • Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5% stake currently owned by Altice. Based on BT’s market cap of around £13 billion ($16 billion) at the time of the deal, it values the stake at around $4 billion.

   Bharti will become BT's biggest shareholder after buying a 25%, $4B

   techcrunch.com/2024/08/12/bharti-will-become-bts-biggest-shareholder-after-buying-a-25-4b-stake-from-altice/

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   Will Bharti global buy BT Group from Altice UK?

   • BT Group notes that Bharti Global has reached agreement to acquire c24.5% of the issued share capital of BT Group from Altice UK. Allison Kirkby, Chief Executive, said “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group ...

   BT Group statement re Bharti Global’s investment

   newsroom.bt.com/bt-group-statement-re-bharti-globals-investment/

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   Will Bharti buy out Patrick Drahi?

   • REUTERS/Hollie Adams/File Photo Purchase Licensing Rights LONDON, Aug 12 (Reuters) - India's Bharti Enterprises said it would acquire a 24.5% stake in BT (BT.L), worth 3.2 billion pounds ($4 billion), to buy out the British company's top investor Patrick Drahi as his Altice group speeds up asset sales to cut its debt burden.

   India's Bharti to buy 24.5% stake in BT from Altice | Reuters

   www.reuters.com/markets/deals/indias-bharti-enterprises-buy-altice-uks-stake-bt-group-2024-08-12/

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   Who owns BT?

   • Mr Drahi, the owner of France's second biggest telecoms company Altice, first acquired a 12.1% stake in BT in June 2021 and built it up over time. Sunil Bharti Mittal, chairman of Bharti Enterprises. Pic: Reuters

   Big question for BT after Indian billionaire snaps up stake

   news.sky.com/story/big-question-for-bt-after-indian-billionaire-snaps-up-stake-13196026

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   Is Bharti global a good investment for BT Group?

   • Allison Kirkby, Chief Executive, said “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy.

   BT Group statement re Bharti Global’s investment

   newsroom.bt.com/bt-group-statement-re-bharti-globals-investment/

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3. techcrunch.com › 2024/08/12 › bharti-will-become-btsBharti will become BT's biggest shareholder after buying a 25 ...

   techcrunch.com › 2024/08/12 › bharti-will-become-bts

   • Cached

   Aug 12, 2024 · Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5% stake currently owned by Altice. Based on BT’s market cap of around £13 billion ($16 billion) at the...

4. news.sky.com › story › big-question-for-bt-afterBig question for BT after Indian billionaire snaps up stake

   news.sky.com › story › big-question-for-bt-after

   • Cached

   Aug 12, 2024 · Sunil Bharti Mittal, the Indian billionaire, has announced his conglomerate Bharti Enterprises has bought the 24.5% stake in BT previously owned by the French billionaire Patrick Drahi. Mr Drahi, the owner of France's second biggest telecoms company Altice, first acquired a 12.1% stake in BT in June 2021 and built it up over time.

5. newsroom.bt.com › bt-group-statement-re-bhartiBT Group statement re Bharti Global’s investment

   newsroom.bt.com › bt-group-statement-re-bharti

   • Cached

   BT Group notes that Bharti Global has reached agreement to acquire c24.5% of the issued share capital of BT Group from Altice UK.

6. www.reuters.com › markets › dealsIndia's Bharti to buy 24.5% stake in BT from Altice | Reuters

   www.reuters.com › markets › deals

   Aug 13, 2024 · LONDON, Aug 12 (Reuters) - India's Bharti Enterprises said it would acquire a 24.5% stake in BT (BT.L), worth 3.2 billion pounds ($4 billion), to buy out the British company's top investor...

7. www.bnnbloomberg.ca › business › internationalIndia’s Bharti Swoops In to Buy 24.5% of BT From Troubled ...

   www.bnnbloomberg.ca › business › international

   Aug 12, 2024 · Bharti Global has agreed to buy a major stake in BT Group Plc, a deal that will bolster the Indian company’s international expansion while giving the British carrier more investor stability.

8. www.ft.com › content › 1b2d4195-8af4-439b-86c5-cc0f2Indian billionaire to buy 24.5% BT stake from Altice

   www.ft.com › content › 1b2d4195-8af4-439b-86c5-cc0f2

   Aug 12, 2024 · Indian billionaire Sunil Bharti Mittal’s conglomerate has agreed to buy a 24.5 per cent stake in BT Group from Patrick Drahi’s Altice, saying the investment was a vote of confidence in the...

9. www.ft.com › content › 4876e0fb-18d7-40e9/8224/9d81bWhy Indian billionaire Sunil Bharti Mittal reconnected with BT

   www.ft.com › content › 4876e0fb-18d7-40e9/8224/9d81b

   Aug 12, 2024 · With BT, he will buy 10 per cent of Altice’s holding immediately, with the rest to be purchased after regulatory approvals, including voluntary UK security clearance.