Bharti eyes 30% OneWeb stake, rules out takeover

Listen to this article in summarized format Listen Loading... × × Subscribe to Unlock AI Briefing and Premium Content New Year Offer 24 Hours Left Subscribe Now Already a member? Sign In What's Included Exclusive Stories Daily ePaper Access Smart Market Tools Curated Investment Ideas Ad-lite Experience Subscription PTI New Delhi: The Bharti Group is open to increasing its stake in Eutelsat OneWeb to around 30%, matching that of the French government, but it will not become a majority shareholder. The satellite company will primarily remain European, Bharti Enterprises chairman Sunil Bharti Mittal told ET. Apart from satcom , financial services, sovereign cloud and AI data centres will be the next big bets while Bharti Airtel pursues one billion global customers in its telecom business , said Mittal, laying out his plans as the Bharti Group completes half a century this year. With Airtel now a well-established enterprise, the Group would now look at expansion. Mittal said he is aware that succession can be disruptive and any founder must leave behind as much clarity as possible. "We have created or laid early foundations of what I call House of Bharti . It's a charter that I have created for the next generation," he said. Live Events "One thing I'm ensuring is in all situations, you bulletproof your enterprises. If there's a contest between the family and enterprise, enterprise wins every time, that's how I see it." You can read the full interview here Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on airtel Bharti Group Eutelsat OneWeb stake increase Sunil Bharti Mittal telecom business satcom AI data centres Eutelsat Airtel (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on airtel Bharti Group Eutelsat OneWeb stake increase Sunil Bharti Mittal telecom business satcom AI data centres Eutelsat Airtel (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less