BT Group plc (LON:BT.A) has received informal interest from infrastructure funds keen to own a stake in its core fixed-line network, according to media reports.
The interest was first reported by Bloomberg, which said infrastructure investors and private equity groups had expressed interest in taking a minority or majority stake in Openreach.
READ: BT unveils new strategy to revive customer service reputation
Reuters reported that a person familiar with the situation, who declined to be named because the process is not public, said funds had lodged informal expressions of interest which had not been courted and which would now be considered by the telecoms giant.
BT owns the UK's national telecom and broadband network through Openreach, a legally separate division that is used by the firm and its rivals, such as TalkTalk PLC (LON:TALK), Vodafone PLC (LON:VOD), and Sky PLC (LON:SKY), to provide services to consumers.
Earlier this month, BT unveiled a strategy update including plans to cut 13,000 jobs and combine the strengths of its fixed-line and mobile networks to offer faster services.
In early morning trading, BT shares were 1.9% higher at 207.1p.