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UK govt approves Bharti Global’s BT stake acquisition

The UK government has approved Bharti Global’s acquisition of a 24.5 per cent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August. The...
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The UK government has approved Bharti Global’s acquisition of a 24.5 per cent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August.

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The Cabinet Office said its decision comes into force on Monday after an assurance that BT would set up a National Security Committee to oversee strategic work. The order noted that Bharti Televentures UK Limited acquired 24.5 per cent of the issued share capital of BT — 9.99 per cent on August 12, and 14.51 per cent on November 18.

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