MUMBAI: Bharti Airtel’s  Sunil Mittal has planted his company’s flag on the Britain’s biggest broadband and mobile company, the BT group. Earlier this week, Bharti Global, the international investment arm of Bharti Enterprises, completed the acquisition of a 24.5 per cent stake in BT from businessman Patrick Drahi. The stake was sold via Altice UK in two parts, the second of which is now completed.

Mittal had announced in August 2024 that he would be buying a 9.9 per cent stake immediately, and would buy the remainder later after his group gets the necessary regulatory approvals. The purchase of the remainder shareholding makes Bharti Enterprises the single largest shareholder in BT group. The entire transaction cost Bharti 4.32 billion Euros. 

In a statement Mittal said he was delighted to have “completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT's renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecom company that delivers long-term value for investors.”