BT Group is reportedly reviving talks over a sale or partnership of its international unit.
Sky News reported last week that BT and its advisors have held talks with mobile carriers, including AT&T, Orange, and Verizon, about a potential transaction involving the division previously known as BT Global.
It’s part of BT’s strategy under its chief executive, Allison Kirkby, to channel the company’s core focus on its home UK market.
The company’s international division covers operations in countries including Argentina, Brazil, and Canada, where the telco provides network-related, cloud, and security services.
Last year, the telco created a standalone international business unit called BT International.
Under Kirkby’s leadership, BT has pushed to sell off a number of its international assets, including its Italian unit to Retelit. The telco has also sold its Irish wholesale and enterprise unit to Cordiant subsidiary Speed Fibre Group, and sold its Irish data center business for €59 million ($68m) to Equinix.
As part of Kirkby’s turnaround strategy, BT is aiming to save a further £3 billion ($3.98bn) in costs by the end of 2029, while the company announced earlier this month that it has revived its BT Mobile brand.
The Sky News report added that bankers at Lazard or Goldman Sachs are expected to work with BT on the new talks with prospective partners.
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