BT Group gains as Bharti completes acquisition of 24.5% stake
BT Group
149.45p
16:30 19/11/24
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.
Fixed Line Telecommunications
2,047.48
16:29 19/11/24
FTSE 100
8,100.28
16:30 19/11/24
FTSE 350
4,470.18
16:30 19/11/24
FTSE All-Share
4,427.62
16:30 19/11/24
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."
At 1240 GMT, BT shares were up 1.5% at 146.96p.