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UK approves Indian group Bharti's purchase of 24.5% stake in BT
BT will establish a national security committee within the company to oversee "strategic work that it performs which has an impact on or is in respect of the national security" of the country, the government said in a statement.
The purchase of the shares, worth 3.2 billion pounds, was made from the previous top investor, Patrick Drahi's Altice, under the terms set out by Bharti Global - the investment arm of Indian conglomerate Bharti Enterprises - in August.
BT will establish a national security committee within the company to oversee "strategic work that it performs which has an impact on or is in respect of the national security" of the country, the government said in a statement.
The government said the proposed measure would mitigate the risk to national security given BT's role in supporting state initiatives in the telecommunications sector and in ensuring the country's cyber security.
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In the August statement, Bharti said it had no intention of making an offer to buy the whole company.
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