BT reverses on €300M sale of Irish unit – report

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BT Group (OTCPK:BTGOF) is withdrawing its planned €300M sale of its Irish operations for €300M to Mayfair Equity Partners after just months, the Sunday Times says.

That’s due to a “change of heart” rather than any COVID-19 effects, according to the report.

BT Ireland runs the country’s second-biggest fixed-line network, along with 999 emergency call services; wholesale customers include Vodafone, Sky and Three.

https://seekingalpha.com/news/3558444-bt-reverses-on-300m-sale-of-irish-unit-report?utm_source=markets.businessinsider.com&utm_medium=referral

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