New Delhi
The UK government is likely to oppose any move by Bharti Enterprises Chairman Sunil Bharti Mittal to increase his stake in British telecom giant BT, according to a Financial Times report. The opposition is reportedly linked to concerns over maintaining sovereign control of critical national infrastructure. Bharti currently owns a 24.95 per cent stake in BT. Recent reports suggested the company was considering raising its holding to just below the level that would trigger a mandatory takeover offer. However, Bharti earlier clarified it was satisfied with its current stake and had no immediate plans to increase ownership further.
