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Broadband

BT rules out sale of Global Services

Monday 17 November 2014 | 09:41 CET | News
BT has ruled out selling its BT Global Services IT outsourcing subsidiary in the face of several shareholders wanting it to it spin off, the Telegraph reports. BT is understood to have recently held internal discussions about a potential sale that could raise about GBP 10 billion. BT told the newspaper over the weekend of 15 November, "BT has no plans to sell its Global Services division. It is a much improved part of the business and we are pleased with the continued progress it is making." A rapid expansion of Global Services led to two profit warnings that in 2009 took BT to its lowest

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Categories: Fixed
Companies: BT / BT Global Services
Countries: United Kingdom / World
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