Less Ads, More Data, More Tools Register for FREE

BT sells Spanish assets to Portobello Capital

Mon, 16th Dec 2019 11:11

LONDON, Dec 16 (Reuters) - Britain's BT has struck a
deal to sell its operations in Spain including fibre networks
and data centres to Portobello Capital as part of its
transformation of its international operations.

Through a wholesale agreement BT will continue to have
access to the infrastructure, which provides networking services
to around 600 major enterprises and generated around 230 million
pounds ($295 million) of revenue in the 2018/19 financial year.

($1 = 0.7794 pounds)
(Reporting by Kate Holton; Editing by Alistair Smout)

Related Shares

More News
14 Jun 2024 15:36

London close: Stocks fall amid French political concerns

(Sharecast News) - London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in...

13 Jun 2024 15:52

London close: Stocks fall amid renewed global jitters

(Sharecast News) - London markets exhibited a mixed performance on Thursday, as investors digested the latest policy announcement from the US Federal ...

13 Jun 2024 12:05

LONDON MARKET MIDDAY: FTSE 100 down despite Halma jumping 10%

(Alliance News) - Stock in Europe headed lower on Thursday at midday, as markets digest the latest interest rate decision from the US Federal Reserve.

13 Jun 2024 10:58

IN BRIEF: Mexican telecom tycoon Carlos Slim takes 3.2% stake in BT

BT Group PLC - London-based telecommunications provider - Grupo Financiero Inbursa SAB de CV, the Mexico City-based investment vehicle of multi-billio...

13 Jun 2024 07:33

Mexican billionaire Carlos Slim takes 3.2% stake in BT Group

(Sharecast News) - Mexican billionaire Carlos Slim has taken a 3.2% stake in BT Group.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.