The London-based Daily Telegraph said that BT has begun exploratory talks with potential buyers of the unit, which reported revenues of €431 million in 2017, with EBITDA of €38 million.
Capacity asked BT in London about the report, which cited only financial sources in the City of London. “We don’t comment on rumour or speculation,” said a BT official.
Capacity reported earlier this year that Bas Burger (pictured), CEO of BT Global Services since last year, is refocusing the operation on large multinational enterprises. BT is also trying to sell BT Italy, where the group has had to write off considerable sums thanks to alleged fraud.
The Telegraph speculated that BT would be more likely to find a buyer from buyout firms and infrastructure investors, rather than from rival operators. “Discussions are at an early stage,” it added. The paper suggests that BT originally considered bundling BT España with its Latin American operations, but had decided to try to sell the Spanish business alone.
