May 14, 2020 / 6:02 PM / 22 days ago

BT in talks to sell multibillion-pound stake in Openreach - FT

May 14 (Reuters) - BT Group Plc is in talks to sell a multibillion pound stake in Openreach, the company’s telecommunications business, to infrastructure investors, Financial Times reported on Thursday citing sources.

Potential buyers for Openreach include Australian bank Macquarie Group Ltd and a sovereign wealth fund, the report here added. The deal could value the unit at about 20 billion pounds, it added. (Reporting by Aakriti Bhalla in Bengaluru; Editing by Shailesh Kuber)

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