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UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report
The UK government is set to block any move by Indian billionaire Sunil Bharti Mittal to increase his stake in telecom giant BT beyond 25%. Officials cite the need to maintain sovereign control over critical national infrastructure, emphasizing this is not personal but a matter of national resilience.
Bharti group seeks UK support to raise BT stake, sources say
Bharti Enterprises is exploring the possibility of raising its stake in British telecom company BT to just below 30%, according to people familiar with the matter. The Sunil Bharti Mittal-led group is seeking UK government approval that would be required if its holding crosses 25% under Britain’s National Security and Investment Act.
Mittal charts map for Bharti Telecom to regain Airtel majority
Bharti Telecom chairman Sunil Mittal plans to increase his family's stake in Bharti Airtel. The company will also boost its ownership in its African subsidiary. This move aims to consolidate control and prepare for future leadership transitions. Mittal envisions a significant customer base across India and Africa. The company may also consider global asset acquisitions.
Sunil Bharti Mittal hints at succession, targets 51% control in Bharti Airtel over decade
Sunil Bharti Mittal aims for Bharti Telecom to regain majority in Bharti Airtel, plans higher dividends, buybacks, data centre expansion, small NBFC, and higher Airtel Africa stake
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Sunil Bharti Mittal says Bharti Telecom should regain majority control of Airtel over the next decade as the group begins succession planning for the next generation.
Bharti Airtel shares jump 5% as Sunil Mittal eyes 51% stake in telco
Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, during Airtel's Q4 earnings concall, said that he wishes to Bharti Telecom holding 51% stake in the Gurugram-headquartered telco.
Sunil Mittal shares succession plan, sets higher ARPU target of Rs 350 for Airtel
Sunil Bharti Mittal is preparing for the next generation of his family to take a larger role in Bharti Telecom. His children are gaining experience in independent ventures. Mittal anticipates their increased visibility at shareholder forums in the coming years. He also aims to increase Bharti Telecom's stake in Airtel.
GSMA confers “Lifetime Achievement” award on Sunil Bharti Mittal
Global Systems for Mobile Communications Association (GSMA), which counts over 1000 mobile operators and businesses across the global telecom ecosystem as its members, conferred the award to the Bharti honcho at the Mobile World Congress in Barcelona.