BT Group gains as Bharti completes acquisition of 24.5% stake.
BT Group gained on Tuesday after India’s Bharti Global completed the acquisition of a 24.5% stake in the telecoms company from France’s Altice.
BT Group
19 November 2024 12:42:06
Source: Sharecast
BT announced in August that Bharti had reached an agreement to buy the stake from Altice.
Chief executive Allison Kirkby said at the time: "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 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 them in the months and years to come."
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