India's Bharti Enterprises to become largest BT shareholder

Conglomerate to buy 24.5% stake from telecom and media company Altice

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India's Bharti Enterprises plans to buy a 24.5% stake in Britain's BT. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- Indian conglomerate Bharti Enterprises said Monday it plans to buy a 24.5% stake in BT, becoming the British telecom company's largest shareholder.

Bharti Enterprises, which owns India's second-largest mobile operator Airtel, will buy out the BT stake held by European telecom and mass media company Altice.

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