BT sells Spanish assets to Portobello Capital

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BT sells Spanish assets to Portobello Capital
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Britain's BT has struck a deal to sell its operations in Spain including fi...

FILE PHOTO: BT Tower owned by British Telecom is pictured in London, Britain, November 15, 2019. REUTERS/Simon Dawson/File Photo

LONDON - Britain’s BT has struck a deal to sell its operations in Spain including fiber networks and data centers to Portobello Capital as part of its transformation of its international operations. Through a wholesale agreement BT will continue to have access to the infrastructure, which provides networking services to around 600 major enterprises and generated around 230 million pounds of revenue in the 2018/19 financial year.

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