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Top related persons:
India's - 1 Patrick Drahi - 1 Bharti - 1 Drahi - 1 Carlos Slim - 1 Allison Kirkby - 1 Kirkby - 1
Top related locs:
Abu Dhabi
Top related orgs:
India's Bharti Enterprises - 1 BT - 1 UK National Security and Investment - 1 Bharti Global - 1 BT Group - 1

Search resuls for: "Bharti Global"


2 mentions found


☆ India's Bharti to buy Drahi's stake in BT, worth $4 billion
  + stars: | 2024-08-12 | by ( ) www.cnbc.com   time to read: +2 min
India's Bharti Enterprises said it would acquire a 24.5% stake in BT , worth about 3.2 billion pounds ($4 billion), buying out the British company's top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. The Indian company said it would buy an initial 9.99% stake before seeking to add the remaining 14.51% following regulatory approvals. Bharti said it supported BT's executive team and strategy as the group pushed forward with an "ambitious" transformation programme to deliver long-term sustainable growth. BT's shares have risen by 24% in the last six months as the fruits of its long-term investment plan to build the country's fibre network start to materialise. "This scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," Kirkby said in a statement following the investment.
Persons: India's, Patrick Drahi, Bharti, Drahi, Carlos Slim, Allison Kirkby, Kirkby Organizations: India's Bharti Enterprises, BT, UK National Security and Investment, Bharti Global, BT Group Locations: Abu Dhabi
☆ Starlink rival OneWeb aims for global satellite internet coverage after passing a key milestone
  + stars: | 2023-03-27 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
OneWeb, a rival to Elon Musk's Starlink internet satellite venture, is aiming to roll out coverage globally after successfully launching the final batch of satellites needed for its broadband service over the weekend. While OneWeb has a few more satellites to deploy in May and June, it now has enough to deliver internet connectivity to any spot in the globe, according to company executives. OneWeb plans to launch 648 satellites in total, of which 588 satellites are required for global coverage. The rest will serve as spares that can step in, in case some other satellites on the network go rogue. Starlink, the space internet unit of Musk's SpaceX, has launched thousands of satellites to bring network connectivity to places with patchy internet.
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