REG - BT Group PLC - BT Group statement re Bharti Global’s investment

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12/08/2024 07:15

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RNS Number : 0507A  BT Group PLC  12 August 2024

12 August 2024

 

BT Group statement re Bharti Global's investment

 

BT Group notes that Bharti Global has reached agreement to acquire c24.5% of
the issued share capital of BT Group from Altice UK.

Allison Kirkby, Chief Executive, said "We welcome investors who recognise the
long-term value of our business, and this scale of investment from Bharti
Global is a great vote of confidence in the future of BT Group and our
strategy.

BT has enjoyed a long association with Bharti Enterprises, and I'm pleased
that they share our ambition and vision for the future of our business.  They
have a strong track record of success in the sector, and I look forward to
ongoing and positive engagement with them in the months and years to come."

 

- ENDS -

 

  Enquiries

 Press office:
 Richard Farnsworth   Tel: 07734 776 317
 Investor relations:
 Nick Delfas          Tel: 0800 389 4909

 

About BT Group

BT Group is the UK's leading provider of fixed and mobile telecommunications
and related secure digital products, solutions and services. We also provide
managed telecommunications, security and network & IT infrastructure
services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals
and families in the UK; Business covers companies and public services in the
UK and internationally; Openreach is an independently governed, wholly owned
subsidiary wholesaling fixed access infrastructure services to its customers -
over 700 communications providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc
and encompasses virtually all businesses and assets of the BT Group. BT Group
plc is listed on the London Stock Exchange.

For more information, visit www.bt.com/about
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