Bharti Global, the investment arm of Bharti Enterprises, has recently acquired a significant stake in BT Group from Altice UK. This strategic move aims to enhance synergies between India and the UK in advanced technologies like AI and 5G.
The acquisition involves Bharti Global acquiring 24.5% of BT Group through its subsidiary, Bharti Televentures UK. The deal, valued at around $4 billion, signifies a major step towards strengthening the telecom sector’s ties between the two countries.
Sunil Bharti Mittal, Chairman of Bharti Enterprises, highlighted the longstanding relationship between Bharti and British Telecom, spanning over two decades. He emphasized the historical significance of this investment in BT, an iconic British enterprise.
This move is expected to open doors for collaboration and innovation in areas such as AI, 5G research, and other emerging technologies. With BT’s valuation estimated at approximately $15 billion, this acquisition could pave the way for substantial advancements in the telecom industry.
By leveraging the expertise and resources of both parties, the partnership aims to drive forward progress in cutting-edge technologies, benefiting customers and stakeholders in both India and the UK.
