UK approves Indian group Bharti's deal to buy 24.5% stake in BT

FILE PHOTO: Company's logo is displayed at British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson/File Photo

LONDON (Reuters) - The British government on Monday approved Indian group Bharti Global's purchase of a 24.5% stake in London-listed BT, following some assurances from the telecoms company.

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.

(Reporting by Muvija M; Editing by Chris Reese)