India's Bharti to buy telecom tycoon Patrick Drahi's stake in BT worth $4b

India's Bharti to buy telecom tycoon Patrick Drahi's stake in BT worth $4b

REUTERS/Adnan Abidi

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.