BLND British Land Company Plc

LONDON--British Land Co PLC (BLND.LN), a European Real Estate Investment Trusts with total assets, owned or managed, of 16.3 billion pounds, said Thursday it has signed a digital joint venture with BT Group PLC (BT.A.LN) to provide free wi-fi across its shopping centers.

MAIN FACTS:

-British Land has also signed an agreement to work with BT to find a solution to deliver a robust wi-fi offering at a number of its open air shopping parks.

-A phased roll out program has been devised and customers will be able to utilize the free wi-fi service from autumn.

-British Land shares closed Wednesday at 618 pence valuing the company at GBP6.1 billion; BT shares closed at 282 pence, valuing the company at GBP22.25 billion.

-Write to Ian Walker at ian.walker@dowjones.com

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