Telecom giant Sunil Bharti Mittal’s group will buy 24.5 percent stake in Britain’s largest broadband and mobile company BT Group for about four billion US dollars (about ₹ 33,586 crores). According to the company’s statement, Bharti Global, the international investment unit of Bharti Enterprises, will now immediately buy 9.99 percent stake in BT Group from Patrick Drahi’s Altice and will acquire the remaining stake after getting the necessary regulatory approvals. Although the company did not disclose the size of the deal, market experts say that at a valuation of BT of about US $ 15 billion (about ₹ 1,25,947 crores), the deal could cost around four billion US dollars.
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