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UK’s BT Group in talks to divest stake in television unit -The Telegraph

BT Group Plc (BT.L) is in talks with Amazon.com Inc (AMZN.O), Walt Disney Co (DIS.N) and sport streaming company DAZN to divest a stake in its television unit BT Sport, The Telegraph reported. A British broadcaster is also involved in the discussions and potentially leading the bidding, the report said citing city sources. BT, Britain’s biggest broadband and mobile operator, meeting to port broadcasting in 2012 then won the rights to show a package of live premier league soccer matches. It’s current package, which cost 885 million pounds ($ 1.23 billion), allows it to  show 32 matches for 3 seasons from 2019-20. BT, under cheap executive Philip Jansen, is focused on explaining to roll out fibre broadband million phones and businesses decade. BT Group and Amazon declined to comment.

Source: Reuters

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