Wednesday, 25 April 2018

Orange eyeing exit from BT

By Nick Wood, Total Telecom
Tuesday 20 June 17

French incumbent offloads 133 million shares for £383 million; plans to issue convertible bonds worth £520 million.

Orange on Tuesday sold a 1.33% stake in BT for £383 million, and announced plans to issue convertible bonds equating to another 1.33%. The transactions will reduce the French incumbent's holding in its troubled U.K. counterpart to 1.33% from 4%. Orange also said it may offload its remaining shares to a strategic investor…

Orange on Tuesday sold a 1.33% stake in BT for £383 million, and announced plans to issue convertible bonds equating to another 1.33%. The transactions will reduce the French incumbent's holding in its troubled U.K. counterpart to 1.33% from 4%. Orange also said it may offload its remaining shares to a strategic investor…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry