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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 203.10
Bid: 203.00
Ask: 203.20
Change: 0.40 (0.20%)
Spread: 0.20 (0.10%)
Open: 203.00
High: 204.20
Low: 202.30
Yest. Close: 202.70
BT.A Live PriceLast checked at -

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UPDATE: BT confirms talks to sell stake in sports broadcasting unit

Thu, 29th Apr 2021 08:24

(Alliance News) - BT Group PLC on Thursday confirmed it is in discussions to potentially sell a stake in its sports broadcasting arm.

The telecommunications firm said it is in discussions with "a number of select strategic partners" in regards to BT Sport. BT is exploring ways to "generate investment, strengthen our sports business, and help take it to the next stage in its growth".

Late Wednesday, the Telegraph reported BT is in discussions to sell a holding in its sports broadcasting arm, with Amazon.com Inc in the running to buy in and increase its foothold in the industry. Walt Disney Co also in the race to buy a stake, the newspaper reported.

BT has appointed investment bankers Lazard and has also held talks with sports streaming service Dazn. According to a Telegraph source, Dazn was "most keen".

BT Sport launched in 2013 and emerged as a serious rival to Sky UK Ltd's Sky Sports. BT Sport snapped up the lucrative television rights to the two premier European football competitions, the UEFA Champions League and UEFA Europa League.

For Amazon, it would represent another foray into UK sports broadcasting. Its Prime streaming service broadcasts a handful of English Premier League games every season.

Disney is not as active in UK sports broadcasting as it is in the US, although the BT Sport channels use the ESPN brand under licence. Disney is the majority owner of US sports channel ESPN.

BT shares were 1.6% higher at 162.33 pence each in London on Thursday morning.

By Tom Waite; thomaslwaite@alliancenews.com; updated by Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News

BT's EE becomes first network to bring back European roaming charges

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(Sharecast News) - Mobile operator EE announced it will charge new UK customers extra to use the data on their mobile phones when abroad to Europe from January 2022.

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UPDATE 1-UK mobile operator EE to bring back roaming charges in the EU

(Adds further details)LONDON, June 24 (Reuters) - British mobile operator EE said on Thursday it was bringing back mobile roaming charges in the European Union for new and upgrading customers from next January, wiping out a benefit that has saved ...

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UK mobile operator EE to bring back roaming charges for EU countries

LONDON, June 24 (Reuters) - British mobile operator EE said on Thursday it would introduce a 2 pounds a day ($2.78) roaming charge for travellers to EU destinations from next January for new and upgrading customers.The company, which is owned by B...

24 Jun 21 13:49

Moody's affirms BT's Baa2 rating with negative outlook

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RPT-BT Italy trial postponed due to faulty air conditioning

(Repeats to additional subscribers)MILAN, June 23 (Reuters) - A trial into alleged false accounting at the Italian unit of British Telecom was postponed on Wednesday after the courtroom's air conditioning broke down.The case is being heard in a hi...

23 Jun 21 12:46

BT Italy trial postponed due to faulty air conditioning

MILAN, June 23 (Reuters) - A trial into alleged false accounting at the Italian unit of British Telecom was postponed on Wednesday after the courtroom's air conditioning broke down.The case is being heard in a high-security courtroom on the outsk...

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(Sharecast News) - News UK held talks with telecoms giant BT Group about a prospective commercial partnership, it emerged on Tuesday.

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