{"id":46578,"date":"2026-05-28T07:56:25","date_gmt":"2026-05-28T06:56:25","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=46578"},"modified":"2026-05-28T07:56:25","modified_gmt":"2026-05-28T06:56:25","slug":"uk-government-hints-it-would-block-bharti-boss-taking-control-of-bt","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2026\/05\/uk-government-hints-it-would-block-bharti-boss-taking-control-of-bt.html","title":{"rendered":"UK Government Hints it Would Block Bharti Boss Taking Control of BT"},"content":{"rendered":"

Officials within the UK Government have reportedly sent their strongest signal yet that they’d oppose any move by the boss of the India-based Bharti group, Sunil Bharti Mittal, to take control of UK broadband and telecoms giant BT<\/a> by increasing his stake above the current level of 24.95%.<\/p>\n

In case anybody has forgotten. Back in 2024 Bharti Global (via Bharti Televentures UK Ltd), the Indian multinational conglomerate, agreed to acquire French billionaire Patrick Drahi\u2019s (Altice UK) stake of 24.5% (issued share capital) \u2013 worth around \u00a33.6bn at the time \u2013 in the BT<\/a> Group (here<\/a>). But BT<\/a>\u2019s market cap has risen significantly since then (it\u2019s now about \u00a321.75<\/span>bn) and Mittal’s stake has risen slightly to 24.95%, thus this stake is now worth more than \u00a35bn.<\/p>\n

However, such developments often have a habit of triggering talk about takeovers. On that front, BT itself could be said to have overcome some of the obstacles and uncertainties that often-discouraged potential bidders in the past, although there are still plenty of hurdles for a suitor to consider (e.g. the competitive UK full fibre market, high levels of debt, high interest rates, political opposition and so forth).<\/p>\n

Doing anything serious on this front would also require a green light from the UK Government, which would conduct a review under the National Security and Investment Act 2021<\/strong> when or if Bharti\u2019s stake goes beyond the 25% mark. The government can launch such a probe before the 25% mark is reached, as they did with Altice UK in 2022, but is unlikely to create any new obstacles (here<\/a>).<\/p>\n

The Relationship Agreement that Bharti has with BT also contains a customary standstill restriction, together with customary exceptions, which limits Mittal\u2019s ability to make a hostile takeover, as the board would presumably need to agree it first. Nevertheless, a new report in the FT<\/a> (paywall) highlights how officials in the government have confirmed that they’d also be likely to reject any attempt by Mittal to take control of BT.<\/span><\/span><\/p>\n

The current Government see the BT Group as being part of Critical National Infrastructure<\/strong> (CNI) and thus an area where they’d seek to maintain sovereign control, which is similar to the stance taken by the previous administration.<\/p>\n

A Government source said (unofficially):<\/strong><\/p>\n

“It\u2019s not to do with Bharti or India specifically, it\u2019s a matter of keeping critical national infrastructure in sovereign UK control for obvious reasons. It\u2019s important the market knows this isn\u2019t personal, but resilience and sovereign capability have a different threshold in today\u2019s world than for generations.”<\/p><\/blockquote>\n

The government thus appears to be making their position clearer to valued overseas investors, to avoid those investors suffering any possible embarrassment by making a move that would clearly not be supported. Both BT and Mittal declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Officials within the UK Government have reportedly sent their strongest signal yet that they’d oppose any move by the boss of the India-based Bharti group, Sunil Bharti Mittal, to take control of UK broadband and telecoms giant BT by increasing his stake above the current level of 24.95%.<\/p>\n","protected":false},"author":1,"featured_media":45562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[474,472],"class_list":["post-46578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-bt","tag-business"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/116650900770830746","error":""},"yoast_head":"\nUK Government Hints it Would Block Bharti Boss Taking Control of BT - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Officials within the UK Government have reportedly sent their strongest signal yet that they'd oppose any move by the boss of the India-based Bharti\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2026\/05\/uk-government-hints-it-would-block-bharti-boss-taking-control-of-bt.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Government Hints it Would Block Bharti Boss Taking Control of BT - 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