Bharti To Become Bts Top Shareholder

Bharti Enterprises to Acquire Significant Stake in BT Group

WEB Bharti to Become BT's Biggest Shareholder After Buying 25.4% Stake from Altice

Indian Conglomerate Poised to Make Major Impact in British Telecom Market

In a significant development that is set to reshape the British telecom landscape, WEB Bharti Enterprises of India has agreed to acquire a 24.5% stake in BT Group from French telecom giant Altice for an estimated 4 billion.

This move will make WEB Bharti, owned by Indian billionaire Sunil Bharti Mittal, the largest shareholder in BT, surpassing Altice's current 12.1% stake. The deal is expected to close in the coming months, pending regulatory approvals.

WEB Bharti's acquisition of a substantial stake in BT is a reflection of the company's aggressive expansion plans outside of India. WEB Airtel Bharti's mobile carrier is already a major player in India, competing fiercely with Reliance Jio. By investing in BT, WEB Bharti is seeking to establish a significant presence in one of the world's most advanced telecom markets.