BT lines up infrastructure sale in Netherlands

20 Aug 2019

The UK’s BT Group is aiming to sell telecoms towers and broadband infrastructure in the Netherlands worth around GBP100 million (USD121 million), Mobile World Live reports, citing a Sunday Times article. The Dutch assets form part of BT’s Global Services division, serving business clients.

BT is in the midst of a major restructuring programme including slimming down Global Services and refocusing on core operations, while last week the group announced it will delist its shares from the New York Stock Exchange and deregister with the US Securities and Exchange Commission to reduce reporting costs and complexity. According to reports last month, BT has earmarked its entire Latin American business for sale, valued at around GBP1 billion, following reports in June which said the British group was exploring the sale of its Spanish division. Furthermore, in April this year the telco placed a GBP400 million price tag on its BT Ireland unit and the group is also seeking a buyer for its operations in Italy.

Netherlands, United Kingdom, BT Global Services, BT Group (incl. Openreach)