Significant milestone, says Sunil Mittal after buying stake in BT Group
The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy.
Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK.
Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises.
"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," said Allison Kirkby, Chief Executive of the BT Group.
"BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th
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