In the latest move to quit its Asian investments, BT has sold its 44% stake in Delhi mobile phone company, Bharti Cellular.
It was thought from the outset that this would be a difficult sale. Thats because Bharti Cellular is part of the bigger Bharti empire which owns other telecoms assets. Moreover, the Bharti holding company was recently bought into by SingTel, and thus the chances of BT selling to another telco looked slim. After all, which strategic telecoms investor would want to buy in at a lower level, when SingTel already had a strategic stake at the top holding company level
However, BT has managed to sell its stake to...
