BT Flying12 Aug 2024 09:42
Due to Bharti global purchasing Altice UK's 25% stake. Apparently they have confidence in BT's future.
"This investment demonstrates the confidence we have in BT and in the UK. BT has a strong portfolio of market leading brands, high-quality assets and an experienced management team with a compelling strategy mandated by the BT board to deliver value over the long term, which we fully support," said Sunil Bharti Mittal, chair of Bharti Enterprises.
It would be nice for some rich entity to show the same confidence in Vodafone and its management, especially at today's debased valuation. In fact is it not a bit concerning that no such interest is forthcoming?