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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bt Group Plc | LSE:BT.A | London | Ordinary Share | GB0030913577 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.30 | 1.24% | 106.00 | 105.85 | 105.90 | 106.75 | 104.55 | 104.70 | 23,292,212 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Phone Comm Ex Radiotelephone | 20.92B | 1.91B | 0.1916 | 5.52 | 10.52B |
From May 2019 to May 2024
By Adria Calatayud
BT Group PLC (BT.A.LN) said Monday that it has agreed to sell its Spanish-managed information and communications technology services business to funds managed by Portobello Capital for an undisclosed sum.
The sale, which remains subject to regulatory approval, is expected to close in the first half of 2020, the British telecommunications said. BT said the deal is part of the continuing transformation of its global services unit.
The business generated revenue of 230 million pounds ($306.5 million) in the year ended March 31 and serves around 600 major enterprises, BT said.
Following the disposal, BT will retain a presence in Spain with offices in Madrid and Barcelona, access points to connect to its global network and its cybersecurity-operations center, it said.
Shares at 1106 GMT were up 2% at 205.80 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 16, 2019 06:24 ET (11:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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