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BT Group (LSE:BT) has announced that Bharti Global has reached an agreement to acquire approximately 24.5% of the issued share capital of BT Group from Altice UK. This development marks a notable shift in the ownership structure of the company.
CEO's Perspective on Investment
Allison Kirkby, Chief Executive of BT Group, expressed a positive view on the acquisition, highlighting that Bharti Global’s investment reflects confidence in BT Group’s long-term value and strategic direction. Kirkby noted the longstanding relationship between BT and Bharti Enterprises and indicated enthusiasm for the continued partnership. She emphasized that Bharti Global’s involvement aligns with BT’s future goals and vision, and she anticipates productive engagement with the new investor in the coming years.
About BT Group
BT Group is a leading provider of telecommunications and related digital services in the UK. The company offers a range of services including fixed and mobile telecommunications, security, and network and IT infrastructure. It serves a global customer base across 180 countries. BT Group operates through three main customer-facing units:
- Consumer: Focuses on providing services to individuals and families in the UK.
- Business: Covers companies and public services both within the UK and internationally.
- Openreach: Operates as an independently governed subsidiary, offering fixed access infrastructure services to over 700 communications providers throughout the UK.
Structure of BT Group
British Telecommunications plc, a wholly owned subsidiary of BT Group plc, incorporates nearly all of BT Group’s businesses and assets. BT Group plc itself is listed on the London Stock Exchange.
Media and Investor Contacts
For press inquiries, Richard Farnsworth can be contacted at 07734 776 317. For investor relations, Nick Delfas is available at 0800 389 4909.
