Bharti Airtel Increases Stake in African and UK Operations
India's second-largest telecom company, Bharti Airtel (ticker: BHARTIARTL), is increasing its stake in U.K.-listed Airtel Africa to 79% from around 62.7%, through a cashless share-swap deal valued at $3 billion. It also plans to raise its ownership of BT Group up to nearly 30%. The move reflects Bharti's strategic focus on high-growth markets in Africa and the U.K., which already contribute over a quarter of its consolidated revenue.
Topics: international_expansion shareholding_increase telecom