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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

India’s Bharti to buy 24.5% BT stake from Patrick Drahi’s Altice

BT Bharti Patrick Drahi Altice India United Kingdom Bharti Enterprises BT Group Sotheby
BT's London HQ
Bharti said it did not intend to make an offer for the whole of BT. Photograph: Hannah McKay/Reuters

Indian conglomerate Bharti Enterprises will become the largest shareholder in the UK’s BT Group after agreeing to buy the stake of billionaire Patrick Drahi’s struggling Altice.

BT was the biggest riser on the FTSE 100 on Monday after the announcement, with its shares closing up 8.5% at 141.50p.

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