UK's BT Group rises after Reuters reports Bharti Enterprises seeks larger stake

BT

22/05/2026 09:42

** Shares of UK-based telecom firm BT Group BT.L up ~3% at 226p, among the top gainers in FTSE 100 index .FTSE

** Indian conglomerate Bharti Enterprises seeks to potentially raise stake in BT to just under a threshold that would require it to make a full takeover offer for the co, Reuters exclusively reported

** Bharti Enterprises could increase its stake to as much as 29.9% but does not plan to pursue a full takeover, Reuters reported, citing one of the sources

** Any stake move to increase shareholding beyond 25% will be reviewed by UK's National Security and Investment Act

** Bharti Televentures UK currently holds 24.95% stake in BT, as per LSEG data

** YTD BT rose ~23%, outperforming FTSE 100 .FTSE, which is up ~6%

 (Reporting by Roshni Srivastava in Bengaluru)

 ((roshni.srivastava@thomsonreuters.com))