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BT Group PLC

BT Group reportedly looking to sell more than £100mln worth of infrastructure assets in the Netherlands

Weekend reports suggest the blue-chip firm is set to offload telecoms towers and broadband cables that serve the firm’s Global Services business customers in the EU country

BT Group PLC -
Earlier this month, BT revealed it is planning the £80mln sale of Tikit, its legal software business

BT Group PLC (LON:BT.A) is reportedly looking to sell more than £100m worth of infrastructure assets in the Netherlands as its new boss pushes ahead with rationalisation plans.  

According to the Sunday Times, the FTSE 100-listed group is set to offload telecoms towers and broadband cables that serve the firm’s Global Services business customers in the EU country.

READ: BT cash flow under pressure with consumer market 'significantly more aggressive'

The newspaper said the sale would be the latest part of chief executive Philip Jansen’s plan to sell off fringe parts of the business and focus BT’s efforts on the rollout of full-fibre broadband.

Earlier this month, the telecoms firm revealed it is planning the £80mln sale of Tikit, its legal software business.

BT has also announced its intention to delist from the New York Stock Exchange and deregister with the Securities and Exchange Commission.

The company said the move would help to simplify its reporting process and reduce costs.

Last month BT said it would hold its full-year dividend, despite speculation the payout might be cut to fund the broadband investment, but analysts are still predicting the divi cut be cut in the future.

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Price: £1.75

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Market Cap: £17.26 billion
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