Stand Down15 Nov 2018 08:24
LONDON (Alliance News) - BT Group PLC Chief Executive Officer Gavin Patterson said the telecommunications firm is not planning the sale of its mobile-phone towers, the Financial Times reported on Wednesday.
With many other telecoms companies choosing to sell their masts to specialist infrastructure firms and funds, BT has been linked to a potential sale in the past, the FT said.
However, Patterson, who is leaving the FTSE 100 firm at the end of January, said that since BT's mobile unit EE holds most of its masts in a joint venture with Three, substantial synergies are already generated and there is no requirement for a sale.
BT is selling other non-core assets, such as its vans and mechanics, the newspaper said.