Last Updated on 13/08/2024 by wccexam Desk
Sunil Bharti Mittal, chairman of Indian telecom sector giant Bharti Airtel, is now going to make a big deal in Britain. This will help in increasing the company’s dominance in the UK. According to the report, Bharti Enterprises is buying stake in British telecom company BT Group and this deal is worth about $ 4 billion or more than Rs 33,578 crore.
The company will buy 24.5% stake in BT Group
According to a Reuters report, British Telecom i.e. BT Group is Britain’s largest broadband and mobile company and through this $4 billion deal, Indian billionaire Sunil Bharti Mittal’s group is buying 24.5 percent stake. It has been said that Bharti Enterprises’ global investment unit Bharti Global will immediately buy 9.99 percent stake in BT Group from Patrick Drahi’s Altais, while the remaining stake will be acquired after getting approval from the regulator.
Source (PTI) (NDTV) (HINDUSTANTIMES)