UK approves Bharti Global's stake in BT Group after national security review.

The UK government has approved Bharti Global's acquisition of a 24.5% stake in BT Group, following a national security review. BT will form a security committee to oversee work impacting national security, addressing concerns due to BT's role in supporting state telecom initiatives and services to the UK government. This approval comes under the National Security and Investment Act 2021, which regulates acquisitions to protect national security.

3 months ago
13 Articles