Bharti’s BT buy a ‘confidence boost’ for FTSE 100 telecom giant telecoms Bharti Global’s decision to buy a large stake in BT from debt-laden Altice UK has been hailed as “confidence boosting” for the British telecom giant, according to analysts. BT shares surged over six per cent in early FTSE 100 trading following reports that the Indian telecom firm will acquire a 24.5 per cent stake from [...]
BT shares jump after Altice sells 24.5 per cent stake in FTSE 100 giant to Bharti telecoms BT shares jumped 6.4 per cent after the market opened this morning after it emerged that its largest shareholder, Altice, had agreed to sell its stake in the business. The FTSE 100 giant’s largest shareholder agreed to sell its 24.5 per cent stake in the telecoms company to Indian conglomerate Bharti. Altice, which has struggled [...]