Bharti Global has agreed to buy a major stake in BT Group Plc, a deal that will bolster the Indian company’s international expansion while giving the British carrier more investor stability, Bloomberg reported. Bharti, an affiliate of conglomerate Bharti Enterprises, is buying the 24.5% stake from shareholder Altice UK, part of Patrick Drahi’s troubled telecommunications empire. Drahi has been selling off assets to pay down debt and the BT stake is among his most valuable.
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