Indian Telecoms Billionaire Seeks Role in UK-India Trade Deal After Acquiring 25% Stake in BT
Indian telecoms billionaire Sunil Bharti Mittal has acquired a 24.5% stake in BT, making him the largest shareholder in the company. Mittal, with a net worth of $19.7 billion, plans to use his influence to strengthen UK-India trade ties. His investment, worth approximately £3.2 billion, is seen as a vote of confidence in BT’s future and in Britain as a stable investment destination. Mittal supports BT CEO Allison Kirkby’s strategy to cut costs and enhance the business. His move has been positively received, with BT’s share price rising 7% following the announcement.
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