The British government has approved Bharti Global’s purchase of a 24.5 percent stake in London-listed BT Group after a detailed national security assessment.
The deal, worth 3.2 billion pounds, involves Bharti Global acquiring shares from Patrick Drahi’s Altice, the previous top investor.
BT will establish a national security committee to oversee strategic operations impacting the UK’s national security.
The UK government emphasized that BT plays a crucial role in state telecommunications and cybersecurity initiatives.
BT provides key services to various parts of the UK government, including those related to national security.
Bharti Global, the investment arm of Bharti Enterprises, in August clarified it has no intention to acquire the BT Group.
