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Story URL: http://networks.silicon.com/telecoms/0,39024659,11025491,00.htm

BT offloads Rogers Wireless for £269m
Canadian mobile interest latest victim of Bland's cost-cutting extravaganza...

By Aled Herbert

Published: Wednesday 04 July 2001

The great BT car-boot bonanza continues with the sale of its 15 per cent stake in Rogers Wireless Telecoms - Canada's largest mobile operator - to AT&T.

The deal sees AT&T pay the troubled telco £269m for a stake it paid almost £300m for in August 1999. The original investment was a joint venture between the two telcos.

The news means BT has now sold over £5bn in minority interests in the last few months as it struggles to reduce its debt mountain.

Speculation is mounting that BT could soon offload its money-draining international telecoms interest Concert to AT&T.