28
May
The British government is reportedly prepared to block Indian billionaire Sunil Bharti Mittal from increasing his stake in BT Group. According to a report by the Financial Times, which cited sources familiar with the matter, the UK government intends to oppose any such move by Bharti Enterprises to protect and maintain sovereign control over the nation’s "critical national infrastructure." This development follows reports last week that Bharti Enterprises was exploring options to raise its stake in the British telecom giant. The proposed increase would have brought its holdings to just below the mandatory threshold required to trigger a full takeover…
