Bharti Group Raises $1.8 Billion in Debt from Barclays for BT Stake Acquisition
Friday, 16 August 2024, 06:27
Strategic Financing for Stake Acquisition
In a significant development in the telecom industry, Bharti Group has successfully raised $1.8 billion through debt financing from Barclays Bank. The funds are earmarked for purchasing a 9.9 percent stake in British Telecom (BT), highlighting Bharti’s ambition to expand its international footprint.
Potential for More Lenders
Industry experts speculate that Bharti may seek to rope in additional lenders to bolster its financing, which could further strengthen its position in the competitive telecom landscape.
- Key Opportunity: Expansion into the UK market
- Potential Impact: Greater financial stability
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