--U.K. telecommunications company BT Group PLC is in talks to sell a stake in its infrastructure arm Openreach to potential buyers that include Australian bank Macquarie and a sovereign wealth fund, the Financial Times reports, citing unnamed sources.

--The deal could value Openreach at about 20 billion pounds ($24.42 billion), which is nearly double the current market capitalization of BT as a whole, and help the company fund plans to upgrade its broadband network, the FT reports.

 

Full story: https://on.ft.com/3bzpRro

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 15, 2020 01:23 ET (05:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Macquarie (ASX:MQGCD)
Historical Stock Chart
From Oct 2020 to Nov 2020 Click Here for more Macquarie Charts.
Macquarie (ASX:MQGCD)
Historical Stock Chart
From Nov 2019 to Nov 2020 Click Here for more Macquarie Charts.