UK Government to Oppose Sunil Bharti Mittal's Stake Increase in BT Group
The UK government plans to oppose Indian billionaire Sunil Bharti Mittal's attempt to increase his stake in BT Group beyond the current 24.95%, citing the need to maintain sovereign control over critical national infrastructure. Any increase above 25% would trigger a formal review under the National Security and Investment Act. Bharti, BT's largest shareholder, has expressed satisfaction with his current holding. The move reflects broader Western concerns about foreign ownership of strategic telecom assets.