Bharti Enterprises' foreign investment division, Bharti Global, has successfully acquired from Altice UK 24.5% of BT Group plc's issued share capital.

Sunil Bharti Mittal, the chair of Bharti Enterprises, said in a statement that the telecom giant was delighted that the deal was completed and that Bharti has long recognized the business's immense potential.

"It gives us great pleasure to have finished investing in BT. Bharti has long recognized the business's huge potential. BT is in a strong position to solidify its position as a top worldwide telecom provider that provides investors with long-term value thanks to its renewed emphasis on optimization, network development, and consumer growth," Mittal added.

Mittal's conglomerate stated in August of this year that it would pay approximately $4 billion to acquire a 24.5% interest in BT Group, making it the top stakeholder in the leading internet and mobile company in Britain.

In a statement at the time, the company stated that Bharti Global, the foreign investment division of Bharti Enterprises, would acquire a 9.99 percent share in BT Group from Patrick Drahi's Altice right away and buy the remaining portion once it obtained the required regulatory clearances.