May 25, 2018
BT attracts investor interest in Openreach
BT has had approaches from investors seeking to invest in its Openreach division, which controls much of the UK's telecoms and broadband infrastructure. BT has fought to keep Openreach within the company over the past three years, but struck a deal with regulator Ofcom in 2017 to legally separate the business and strengthen its independence. BT considered a voluntary break up a decade ago, according to senior executives at the company, which would have provided a clearer value for Openreach. Attempts to invest in Openreach come against a backdrop of frenetic activity among infrastructure funds and private equity investors looking to invest in telecoms assets. In the UK, infrastructure funds managed by M&G Prudential's Infracapital, Antin and Goldman Sachs have bought into smaller fibre players that compete with Openreach.
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