Linklaters’ Post

𝗜𝗻𝗱𝗶𝗮’𝘀 𝗕𝗵𝗮𝗿𝘁𝗶 𝘁𝗼 𝗽𝗶𝗰𝗸 𝘂𝗽 𝟮𝟰.𝟱% 𝗶𝗻 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗧𝗲𝗹𝗲𝗰𝗼𝗺 𝗳𝗼𝗿 𝗨𝗦$𝟰𝗕𝗻 Bharti Airtel,Bharti Enterprises,Bharti Enterprises BT group,BT group,telecommunications With global telecom industry seeing consolidation, yet another news is adding up to the growing list of telecom acquisitions. India’s Bharti Enterprises, parent for the country’s second largest telecom company Airtel, is set to acquire a significant stake in British Telecom Group, the United Kingdom’s largest telecom operator. This acquisition involves purchasing a 24.5% stake in BT Group from its largest shareholder, Altice UK. The deal is set to be executed through Bharti Global, the international investment arm of Bharti Enterprises, which is known to focus on telecom, technology, digital infrastructure, and space communications. Based on BT Group’s last closing stock price, the quantum of this deal would stand at £3.2Bn or nearly US$4Bn. #ITMBUSINESSSCHOOL #TECHYTUESDAY #ESMEDUCATION #CKP2024

Breaking News! Big Telecom Deal.. Looks like Africa aint enough for Sunil Mittal:) Bharti Global, the international investment arm of Bharti Enterprises has reached an agreement to acquire an interest in 24.5% of the issued share capital of British Telecom Group plc from Altice UK. The shares will be purchased through Bharti Televentures UK Ltd – a company established and wholly owned by Bharti Global. At current market cap of British Telecom which is Rs 1.39 lakh crores, a 24.5 per cent stake purchase translates into a Rs 34,055 crore cheque size or roughly $4 bn, one of the biggest outbound deals by an Indian corporate. Strangely, Sunil Mittal says they havent asked for a board seat. Note: The investments for this acquisition is not connected to Bharti Airtel Limited or any of its subsidiaries.

🚀 Big News in Telecoms! 🚀 Today, Bharti Enterprises announced its plan to acquire a majority stake in BT, the UK's largest broadband and mobile provider. This milestone move involves purchasing approximately 24.5% of BT Group from current top shareholder Altice, through Bharti Global. Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, called this a significant milestone in Bharti Group's history. 🏆 This acquisition highlights the deep-rooted relationship between Bharti and BT, dating back over two decades. By investing in BT, Bharti aims to support the vision of enhancing India-UK ties, demonstrating a commitment to international partnerships. As Bharti Televentures completes this transaction in two stages, BT's CEO, Allison Kirkby, welcomed the investment as a strong vote of confidence in BT's future strategy. The telecoms sector is experiencing rapid changes, and this acquisition could influence BT's future strategic direction. Bharti's extensive experience in operating telecom and broadband networks globally is set to support BT's ongoing initiatives, including fibre broadband rollout and 5G network expansion. #Telecoms #Acquisition #BT #Bharti #UKIndia

In business, life comes full circle more often than not. In 1997, British Telecom picked up a 21% stake in Bharti Airtel, before exiting that investment in 2001. After more than 20 years, Bharti Global, the international investment arm of Bharti Enterprises, is set to acquire a 24.5% stake from Altice UK—the leading investor in the British firm—in what is now known as BT Group for an estimated $4 billion. In India, Bharti Airtel, the listed entity of Sunil Bharti Mittal-led Bharti Enterprises, offers mobile and broadband services. It also has a strong presence in Africa. However, there has been some curiosity surrounding the deal with BT Group, especially considering Bharti’s current struggle with stagnant revenues and profitability. Also, the mobile services market in the UK, which is BT’s primary market, is saturated, which leaves little room for growth. Other shareholders in BT Group include Deutsche Telekom and T-Mobile Holdings; they hold 12% each. airtel International School of Management Excellence Mahindhra BritishtelecomLimited

Bharti Enterprises buys the 24.5% stake that Altice Group had in BT Group. This operation reinforces two main ongoing trends in the #European #telecommunications market: the interest of foreign companies in that market (remember how, a few months ago, stc bought a 9.9% stake in Telefónica), and the in-country #consolidation of #European #telecom service providers (as Altice Group intends to sell Altice Portugal, as well as the #media business in Altice.France).

#News | Bharti airtel, having acquired a 9.99% stake in BT, supports BT’s transformation but has no intention to buy the entire company. The investment boosted BT's shares by 6%, reflecting confidence in BT's strategy. Bharti plans to acquire the remaining stake pending government clearance but has not sought a board seat. #RealtyNXT #BhartiAirtel #BTInvestment #TelecomNews #StockMarketUpdate #FibreNetwork #ForeignInvestment #TelecomStrategy #BT #BusinessGrowth #InvestmentNews #TelecomIndustry #CorporateStrategy Allison Kirkby

IS VODAFONE'S POTENTIAL SALE OF ITS ITALIAN BUSINESS TO SWISSCOM A STRATEGIC MOVE? #Vodafone's recent announcement of its negotiations to sell its Italian business to #Swisscom has sparked significant interest and speculation within the telecommunications industry. The proposed deal, valued at €8 billion, underscores Vodafone's ongoing efforts to streamline its operations and focus on markets where returns meet or exceed their cost of capital. The potential sale to Swisscom represents a strategic move by Vodafone's chief executive, Margherita Della Valle, who has been actively working to simplify the telecom group since assuming her role. Della Valle's #strategy involves pursuing deals that align with the company's long-term objectives, including a proposed merger in the #UK and the sale of Vodafone #Spain. The disclosure of negotiations with #Swisscom follows a previous proposal from Xavier Niel's telecom company, Iliad, to merge their Italian businesses, which Vodafone ultimately rejected. In contrast, Swisscom intends to merge Vodafone Italia with its subsidiary #Fastweb, emphasizing the complementary nature of their #mobile and fixed infrastructures. The proposed deal with Swisscom offers several advantages, including a higher degree of certainty over completion, as it is expected to undergo review solely by Italian authorities. In comparison, a potential merger with Iliad would likely fall under the #jurisdiction of #Brussels' regulators, presenting additional challenges. Financially, the deal would see Swisscom paying cash for Vodafone #Italia, valuing the business at €8 billion on an enterprise basis. While this figure is lower than the valuation proposed by Iliad, it still represents a significant transaction for both companies involved. For Vodafone shareholders, the sale to Swisscom promises a combination of value creation, upfront cash proceeds, and transaction certainty. However, the potential implications of this deal extend beyond immediate financial gains. It could reshape the competitive #landscape of the Italian telecommunications market and influence future strategic #decisions within the industry. As negotiations progress, #stakeholders eagerly await further updates and insights into the potential implications of this proposed transaction. The outcome of these discussions will undoubtedly have far-reaching consequences for Vodafone, Swisscom, and the broader #telecommunications sector.

𝐁𝐡𝐚𝐫𝐭𝐢 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐁𝐓’𝐬 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫, 𝐰𝐢𝐭𝐡 𝟐𝟓% 𝐬𝐭𝐚𝐤𝐞 Bharti Enterprises plans to acquire a 24.5% stake in BT, worth about £3.2 billion (US$4 billion) buying out the British company's top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. Drahi first bought into BT in 2021, but his Altice group has come under mounting pressure to sell assets to cut debts of as much as US$60 billion, a pile that allowed him to build his media-to-telecoms empire in an era of low interest rates. Bharti said in a statement that it had no intention of making an offer to acquire the whole of BT, the former state monopoly which is Britain's biggest broadband and mobile company. For complete news: https://lnkd.in/gFCWaKmQ #acquire #statement #broadband #shareholder #trading #stake