BT Deals & M&A
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M&ABT firms up Italian unit sale to Retelit
Group pens preliminary deal to sell off what remains of BT Italia, but reassures stakeholders that it will “maintain a strong presence” in the country post-transaction. Move continues operator’s international pare-back, provided regulators give it the green light…
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M&ABT kicks off exclusive talks for Italy exit — report
Asterion-backed Retelit reportedly last bidder standing for BT Italia acquisition as BT continues effort to sell off international assets and focus on a domestic B2B turnaround…
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M&ABT said to explore international options with AT&T, Orange
BT has confirmed it is in early talks with third-parties over a “range of possibilities” for its unloved international assets, with AT&T and Orange reportedly among businesses in early discussions.
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M&ABT kicks off talks to exit TNT Sports venture — report
Group reportedly at early stages of discussions to offload 50% stake in venture to Warner Bros. Discovery. Move previously hinted at by BT chief Allison Kirkby, as part of strategy to remove non-core distractions from the operator…
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M&ABT offloads Irish B2B unit to Cordiant’s Speed Fibre
BT strikes deal with investment group to sell enterprise and wholesale units to Speed Fibre, with completion expected later this year. Move advances CEO Allison Kirkby’s agenda to pare back BT’s international presence, following earlier news of Irish data centre sale…
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M&ABT Ireland grabs Cordiant’s attention for infra, wholesale sell-off — report
Operator reportedly looking to firm up sale of infrastructure and wholesale business units “in the coming weeks”, advancing Kirkby’s ‘asset-light’ strategy following recent sale of Irish data centres…
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Strategy & ChangeBT names UK Business boss as domestic focus steps up a level
Vision for homeland-centric BT advances as UK Business inaugurated with Jon James poached to lead, veteran Bas Burger redeployed to MNC ‘optimisation’ (or offload). CEO Allison Kirkby’s career has criss-crossed James’, including tenure as Nordic CEOs, private equity, NetCo-ServCo and transformer experience. Completing circle, BT’s Christian Thrane succeeded James at Nuuday…
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M&ABT advances asset-light strategy with Irish data centre sale
Equinix agrees to acquire BT Ireland’s data centre business following rumours of a wider Irish divestment; Group CEO Allison Kirkby ramps up her ‘get lean’ agenda beyond UK connectivity…
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M&ABT welcomes Bharti’s ‘long-term’ thinking as Altice ousted
CEO Allison Kirkby says Bharti ‘recognises long-term value’ of BT Group as it picks up a 24.5% stake, but what does Bharti bring that Altice didn’t?
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Strategy & ChangeBT Radianz is latest B2B unit to be put up for sale — report
Group reported to be looking for buyers for financial services unit in latest move to slim down, cut back.
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M&ABT Ireland catches eye of Macquarie-backed Viatel — report
A new report from The Irish Times says Viatel Technology Group, a Macquarie-backed digital services provider, is looking with interest at BT Ireland as “all options” are being explored for the Group’s international B2B businesses…
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Strategy & Change‘New options’ emerging for DT’s stake in BT — Höttges
Deutsche Telekom CEO Tim Höttges sees things “going into our favour” at BT as German operator’s ‘biggest mistake’ begins to turn around and new international shareholders target the operator.
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M&ABT, Sky urge CMA to block Vodafone-Three merger
BT and Sky make last-ditch arguments to prevent the merger of Vodafone and Three that would combine the UK’s third and fourth mobile operators.
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M&ABT takes another step towards Irish exit — report
Emergency call handling contract set to expire as BT reportedly readies for Ireland exit.
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M&AAmérica Móvil’s Slim nibbles another slice of BT
Interests linked to the Mexican magnate have added another percentage point to the single-figure-stake they acquired in BT in June, taking the operator’s foreign telco ownership beyond 40%.
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Strategy & ChangeIndia’s Bharti steps in as BT’s new largest shareholder
BT Group reunited with 1990s partner, but this time as junior, with new India connection talked up. Investment anchored as ‘vote of confidence’ in CEO Allison Kirkby’s strategy. Road to regulatory approval appears relatively smooth. More on Altice retreat…
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PeopleEx-BT CEO Philip Jansen named WPP chair
Advertising giant WPP appoints Jansen to Non-Exec Chair role, amidst rumours of Rentokil buyout…
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M&ABT outlines investment fears as Vodafone−Three merger tips spectrum scales
Operator overwhelmingly backs CMA’s decision to launch in-depth merger investigation and calls for closer attention to be paid to the unprecedented spectrum asymmetry that could follow. Ericsson, altnets, and trade unions also weigh in…
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M&AAmérica Móvil’s Slim buys into Kirkby’s vision for BT
Interests linked to the Mexican telecoms billionaire have acquired a 3.2% stake in BT, with BT remaining neutral on the development.
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Strategy & ChangeBT CEO prioritises scale as asset monetisation talks re-emerge
As BT considers options for BT Global, where scale was never achieved, CEO Allison Kirkby will use the same measure in discussions about potential portfolio changes elsewhere.