The move assumes significance in the light of 2024 announcement of telecom czar Mittal's conglomerate acquiring 24.5 per cent stake in BT Group for about USD 4 billion to become the single-largest shareholder in Britain's biggest broadband and mobile company.
Bharti Enterprises is the latest to join the club of conglomerates acquiring firms in the UK. Several other major Indian firms, including the Tatas, Reliance, Mahindra and others either own or have major stake in British companies
'I don’t know how horses felt when the car was invented, but they didn’t complain that they were put out of a job; they didn’t go on strike,' said BT group's tech boss, Harmeen Mehta.
The 1.5°C Supply Chain Leaders will work together to drive climate action throughout global supply chains in line with science and support small and medium-sized enterprises (SMEs) through the SME Climate Hub.
The move by BT will bring its mobile phone business in line with an internal policy to keep the Chinese company's equipment at the edge of telecoms infrastructure, the paper said.
BT Group said on Thursday it had more than halved its stake in Tech Mahindra by selling 17.9 million shares, or 14.1% of the group's equity, for 158.6 million pounds.
Tech Mahindra and Mahindra Satyam's (Satyam Computer Services) boards approved merger of the two software services exporters and the combined entity will have revenue of USD 2.4 billion, the Mahindra Group company said on Wednesday.