Bharti Enterprises to acquire 24.5% in UK's biggest mobile company

Although it did not divulge the size of the deal, market watchers say that at BT's valuation of roughly USD 15 billion dollars, the deal could be in the ballpark of USD 4 billion.

The shares will be purchased through Bharti Televentures UK, which is wholly-owned by Bharti Global.

Bharti Televentures UK has inked an agreement with Altice UK to acquire about 9.99 per cent stake of BT Group's issued capital imminently with the rest about 14.51 per cent of BT's share capital is to be acquired post regulatory clearances.