BT Group to sell off £100m Dutch infrastructure and delist from NYSE

News

It appears that BT is to divest itself of the towers and broadband cables that serve its BT Global Services' Dutch customers.

According to The Sunday Times, the Dutch unit had sales of £186 million. BT has not responded to a request for further information.

A statement from BT issued last week said, “We remain committed to our Global business and the hundreds of multinational organisations that we support around the world.

“As we sharpen our focus and transform our operations, we will be divesting some of the infrastructure we no longer need to deliver services in the digital economy. Our global ambition and presence in markets around the world remain unchanged: we are, and remain, a proud British export.”

Delisting from NYSE

Last week BT has announced it would delist from the New York Stock Exchange and deregister with the Securities and Exchange Commission.

The company said these moves would help to simplify its reporting process and reduce costs.