May 15, 2020 / 4:03 PM / 13 days ago

BT says Openreach sale report 'inaccurate': internal message

FILE PHOTO: Company's logo is displayed at British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson

LONDON (Reuters) - Britain’s BT (BT.L) said a report in the Financial Times that it was in talks about selling a stake in its networks business Openreach was “inaccurate”.

“Many of you will have seen the reports overnight about BT being in talks to sell a stake in Openreach,” Openreach CEO Clive Selley said in a message to staff.

“I spoke to (BT CEO) Philip Jansen last night after the story broke in the newspapers. He is very clear - the story is inaccurate. Openreach is staying in the BT Group.”

Reporting by Paul Sandle, editing by Louise Heavens

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