BT Group PLC, UK, (formerly British Telecom) is undergoing a significant ownership shift as Bharti Enterprises, the Indian tech and telecom company behind Airtel, acquires a 24.5% stake for $4 billion. The transaction will occur in two phases: an immediate purchase of 9.99% of BT's shares, followed by the acquisition...
KKR and Canada's CPPIB Acquire Stakes in Bharti Infratel
New Delhi-based telecommunications company Bharti Airtel Limited sold a 10.3% stake in its tower arm subsidiary Bharti Infratel to private equity firms Kohlberg Kravis & Roberts (KKR) and Canada Pension Plan Investment Board (CPPIB) for $951.6 million. Bharti Infratel owns over 90,000 telecom towers and the company reported a revenue...