BT offloads satellite stake

Telecoms giant British Telecom today announced the sale of its stake in one of the world’s largest satellite companies for £363m (€518.2m).

Fri, 26 Nov, 2004 - 09:02

Telecoms giant British Telecom today announced the sale of its stake in one of the world’s largest satellite companies for £363m (€518.2m).

BT said it was offloading its 15.8% share in Eutelsat to GS Capital Partners as part of an ongoing strategy to dispose of its non-core assets.

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