PRESS: BT to carve out international business amid potential sale - FT

(Alliance News) - BT Group PLC plans to turn its international business into a standalone unit, reporting separately, amid a focus on domestic business and the potential sale of non-UK operations, the Financial Times reported on Thursday.

BT Chief Executive Allison Kirkby is open to a sale of the carved-out operation, or a merger with another operator, the newspaper said, citing a person familiar with the matter.

The new unit will be led by former BT Business head Bas Burger, the FT said.

The move follows the agreement last month to sell BT's Italian business to local telecoms provider Retelit Spa, the FT noted. That business generated EUR160 million in revenue in 2024.

BT shares closed up 1.3% to 164.47 pence in London on Thursday. The stock is up 24% over the past 12 months.

By Tom Waite, Alliance News editor

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