BT trims debt mountain with property deal

BT's deal to sell and lease back almost all of its property estate will cut its debt mountain to below £15bn.

BT trims debt mountain with property deal
Mon, 26 Nov, 2001 - 14:42

BT's deal to sell and lease back almost all of its property estate will cut its debt mountain to below £15bn.

Telereal is paying BT £2.4bn for its telephone exchanges, offices, vehicle depots and call centres.

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CourtsHeathrowPlace: City of LondonPerson: Christopher BlandOrganisation: BTOrganisation: TelerealOrganisation: BT TowerOrganisation: BT CentreOrganisation: Land Securities TrilliumOrganisation: Pears GroupOrganisation: BT Group
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