Bharti big shots storm BT boardroom after £3.6B raid
(2025/09/15)
- Reference: 1757928615
- News link: https://www.theregister.co.uk/2025/09/15/bharti_big_shots_storm_bt/
- Source link:
BT - Britain's former state-owned telecoms monopoly - has confirmed that execs from Bharti Global, its largest shareholder, are joining the board with immediate effect.
Sunil Bharti Mittal, founder and chairman at Bharti Airtel Limited, and Gopal Vittal, vice chairman and managing director at the Indian biz that [1]last year hoovered up a 24.5 percent stake in BT from Altice boss Patrick Drahi, are taking a seat at BT's top table.
They will act as representatives of Bharti Televentures UK Limited, a business established and wholly owned by Bharti Global, under a "relationship agreement" entered into with BT - this is intended to outline the terms of collaboration, financial arrangements and operations.
[2]
The pair bring "significant experience and global perspectives in the telecoms industry," said BT Chairman Adam Crozier. Mittal said he wants to work with BT management to "drive forward the strategy to win in the market."
[3]
[4]
BT said in a [5]statement to the London Stock Exchange:
Under the terms of the Relationship Agreement, Bharti Global is granted the right to nominate two persons to be appointed to the Board as representative directors for so long as it and its affiliates together continue to hold a 20 per cent. or more economic interest in the BT Group shares in issue.
Bharti Global has the right to nominate one person to be appointed to the Board as a representative director for so long as it and its affiliates together continue to hold less than a 20 per cent. economic interest but at least a 10 per cent. economic interest in the BT Group shares.
The Indian telco giant bought the [6]sizeable stake in BT in August 2024 for around £3.6 billion (c $4.9 billion) and the share price has rallied by around 20 percent since that point, with investors believing in CEO Allison Kirkby's strategy.
[7]Virgin Media scraps wholesale network rival to Openreach
[8]No big changes to UK broadband regs, despite no real competition for BT
[9]BT won't budge over pay hike for manager grade employees
[10]Altnets told to stop digging and start stuffing fiber through abandoned pipes
[11]BT fiber rollout passes 17 million homes, altnet challenge grows
[12]BT unplugs plans to turn old cabinets into EV chargepoints
This largely centers on BT concentrating on UK customers and scaling back its global operations, including the sale of global information exchange networks biz Radianz to multinational Transaction Network Services; selling BT Italia to Telecom Italia and Retelit; selling off its Irish wholesale and enterprise unit BTCIL to Speed Fibre Group, and allowing Equinix to buy its Irish datacenters.
Joining the board and the relationship agreement indicates that Bharti Group is taking a more active role in BT, and telecoms expert [13]Mark Jackson at ISP Review pointed out this type of activity can "trigger talk about takeovers."
He said there are "still plenty of hurdles for a suitor to consider (e.g. the increasingly competitive UK full fiber market, the high level of debt, high interest rates, political opposition and so forth)."
[14]
Approval would also need come from the UK government, given the importance of BT to the country, "although the UK's relatively new National Security and Investment Act (NSIA) is unlikely to throw up any real obstacles until or unless Bharti's stake goes beyond the 25 percent mark," said Jackson. ®
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[1] https://www.theregister.com/2024/08/12/indias_bharti_enterprises_now_largest/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/networks&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2aMfjt1CHUdpIx-i6d1m3VgAAAJU&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
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[5] https://www.londonstockexchange.com/news-article/BT.A/bt-group-plc-director-appointments/17230059
[6] https://www.theregister.com/2024/08/12/indias_bharti_enterprises_now_largest/
[7] https://www.theregister.com/2025/08/01/virgin_media_ditches_plans_for/
[8] https://www.theregister.com/2025/03/21/ofcom_no_big_changes_to/
[9] https://www.theregister.com/2025/06/09/bt_union_pay_dispute/
[10] https://www.theregister.com/2025/03/03/altnet_abandoned_pipes/
[11] https://www.theregister.com/2025/01/31/bt_fiber_rollout_passes_17/
[12] https://www.theregister.com/2025/01/20/bt_ev_chargepoints/
[13] https://www.ispreview.co.uk/index.php/2025/09/bharti-bosses-join-bt-groups-uk-board-as-non-executive-directors.html
[14] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/networks&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44aMfjt1CHUdpIx-i6d1m3VgAAAJU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[15] https://whitepapers.theregister.com/
Sunil Bharti Mittal, founder and chairman at Bharti Airtel Limited, and Gopal Vittal, vice chairman and managing director at the Indian biz that [1]last year hoovered up a 24.5 percent stake in BT from Altice boss Patrick Drahi, are taking a seat at BT's top table.
They will act as representatives of Bharti Televentures UK Limited, a business established and wholly owned by Bharti Global, under a "relationship agreement" entered into with BT - this is intended to outline the terms of collaboration, financial arrangements and operations.
[2]
The pair bring "significant experience and global perspectives in the telecoms industry," said BT Chairman Adam Crozier. Mittal said he wants to work with BT management to "drive forward the strategy to win in the market."
[3]
[4]
BT said in a [5]statement to the London Stock Exchange:
Under the terms of the Relationship Agreement, Bharti Global is granted the right to nominate two persons to be appointed to the Board as representative directors for so long as it and its affiliates together continue to hold a 20 per cent. or more economic interest in the BT Group shares in issue.
Bharti Global has the right to nominate one person to be appointed to the Board as a representative director for so long as it and its affiliates together continue to hold less than a 20 per cent. economic interest but at least a 10 per cent. economic interest in the BT Group shares.
The Indian telco giant bought the [6]sizeable stake in BT in August 2024 for around £3.6 billion (c $4.9 billion) and the share price has rallied by around 20 percent since that point, with investors believing in CEO Allison Kirkby's strategy.
[7]Virgin Media scraps wholesale network rival to Openreach
[8]No big changes to UK broadband regs, despite no real competition for BT
[9]BT won't budge over pay hike for manager grade employees
[10]Altnets told to stop digging and start stuffing fiber through abandoned pipes
[11]BT fiber rollout passes 17 million homes, altnet challenge grows
[12]BT unplugs plans to turn old cabinets into EV chargepoints
This largely centers on BT concentrating on UK customers and scaling back its global operations, including the sale of global information exchange networks biz Radianz to multinational Transaction Network Services; selling BT Italia to Telecom Italia and Retelit; selling off its Irish wholesale and enterprise unit BTCIL to Speed Fibre Group, and allowing Equinix to buy its Irish datacenters.
Joining the board and the relationship agreement indicates that Bharti Group is taking a more active role in BT, and telecoms expert [13]Mark Jackson at ISP Review pointed out this type of activity can "trigger talk about takeovers."
He said there are "still plenty of hurdles for a suitor to consider (e.g. the increasingly competitive UK full fiber market, the high level of debt, high interest rates, political opposition and so forth)."
[14]
Approval would also need come from the UK government, given the importance of BT to the country, "although the UK's relatively new National Security and Investment Act (NSIA) is unlikely to throw up any real obstacles until or unless Bharti's stake goes beyond the 25 percent mark," said Jackson. ®
Get our [15]Tech Resources
[1] https://www.theregister.com/2024/08/12/indias_bharti_enterprises_now_largest/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/networks&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2aMfjt1CHUdpIx-i6d1m3VgAAAJU&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/networks&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44aMfjt1CHUdpIx-i6d1m3VgAAAJU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
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[5] https://www.londonstockexchange.com/news-article/BT.A/bt-group-plc-director-appointments/17230059
[6] https://www.theregister.com/2024/08/12/indias_bharti_enterprises_now_largest/
[7] https://www.theregister.com/2025/08/01/virgin_media_ditches_plans_for/
[8] https://www.theregister.com/2025/03/21/ofcom_no_big_changes_to/
[9] https://www.theregister.com/2025/06/09/bt_union_pay_dispute/
[10] https://www.theregister.com/2025/03/03/altnet_abandoned_pipes/
[11] https://www.theregister.com/2025/01/31/bt_fiber_rollout_passes_17/
[12] https://www.theregister.com/2025/01/20/bt_ev_chargepoints/
[13] https://www.ispreview.co.uk/index.php/2025/09/bharti-bosses-join-bt-groups-uk-board-as-non-executive-directors.html
[14] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/networks&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44aMfjt1CHUdpIx-i6d1m3VgAAAJU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[15] https://whitepapers.theregister.com/
kmorwath
The need to spend somewhere all that money UK spends in India....
Those jokes about BT being Bangalore Telecom ...