Bharti Enterprises has made a significant global expansion by acquiring a 24.5% stake in BT Group for $4 billion. This strategic investment positions Bharti as a key player in the European telecom market and aligns with BT's focus on expanding its 5G and fiber networks. Sunil Bharti Mittal, Bharti's chairman, emphasized that the company aims to support BT's current leadership rather than take full control. This move reflects Bharti's confidence in the UK's telecom market and opens up new opportunities for collaboration in network automation, AI, and 5G technology.
- News
- August 13, 2024