No intention to take over; no demand for board positions: Sunil Bharti Mittal

Economy
By Liam

Telecom giant Bharti Enterprises’ aim to enter more mature markets with “hard currency” has led to the strategic purchase of a stake in Britain’s BT Group. The company is not currently seeking a board position despite being the largest investor in the British telecoms firm, its chairman has said. Sunil Bharti Mittal said during a virtual press conference on Monday. Mittal said Airtel has its hands full with its India plans, but higher cash flows and lower capital expenditures could give it access to global opportunities two to three years down the road. Edited excerpts:

Why Bharti acquired a stake in the BT group:

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