{"id":17396,"date":"2018-11-09T15:51:43","date_gmt":"2018-11-09T15:51:43","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=17396"},"modified":"2018-11-09T15:53:25","modified_gmt":"2018-11-09T15:53:25","slug":"bt-group-moots-200-million-sale-of-uk-fleet-division","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2018\/11\/bt-group-moots-200-million-sale-of-uk-fleet-division.html","title":{"rendered":"BT Group Moots \u00a3200 Million Sale of UK Fleet Division"},"content":{"rendered":"

A new report from Sky News is claiming that BT<\/a> has appointed investment bank Lazard to oversee the possible \u00a3200m+ sale of their BT Fleet<\/a> division, which owns and manages many of the vehicles used by Openreach<\/a> and various other companies including the AA, EDF and National Grid etc.<\/p>\n

At present BT<\/a> Fleet owns 65 of its own garages (plus 500+ approved partner garages) and 33,000 of its own vehicles (out of 120,000 vehicles that they maintain). Most of the vehicles that BT<\/a> owns are essential for their Openreach<\/a> engineers and as such Sky News<\/a> states that any disposal is likely to include a leaseback arrangement<\/strong>, so as not to disrupt the on-going work of their broadband engineers.<\/p>\n

Apparently work on such an auction is still in the early stages and may complement their on-going efforts to sell off BT’s scandal hit Italian division (here<\/a>). All of this follows new rumblings in the market, which have separately alleged that Deutsche Telekom<\/strong> (they’ve held a modest stake<\/a> in BT Group since the EE<\/a> merger) could be preparing a “mammoth takeover bid<\/em>” for the operator.<\/p>\n

Admittedly we’ve lost track of the amount of times that DT have been linked with a possible takeover bid for BT Group over the years, although if they do plan to make a serious offer then it will almost certainly occur after a Brexit deal has been agreed (assuming that happens).<\/p>\n

DT’s CEO, Tim H\u00f6ttges<\/strong>, has made no secret of the fact that he finds the company “very attractive<\/em>” but due to the EE<\/a> merger the company cannot sell its shares or buy more until the beginning of 2019. Lest we forget that BT will from early next year also get a new CEO, Philip Jansen<\/strong>, who could conceivably take the operator in a new direction (here<\/a>).<\/p>\n

Hopefully BT remembers to keep something more than just the kitchen sink under its ownership. We have asked for a comment, but so far none have been received.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new report from Sky News is claiming that BT has appointed investment bank Lazard to oversee the possible \u00a3200m+ sale of their BT Fleet division, which owns and manages many of the vehicles used by Openreach and various other companies including the AA, EDF and National Grid etc.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[474,472,69],"class_list":["post-17396","post","type-post","status-publish","format-standard","hentry","category-uk_isp_news","tag-bt","tag-business","tag-bt-openreach"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nBT Group Moots \u00a3200 Million Sale of UK Fleet Division - ISPreview UK<\/title>\n<meta name=\"description\" content=\"A new report from Sky News is claiming that BT has appointed investment bank Lazard to oversee the possible \u00a3200m+ sale of their BT Fleet division, which\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2018\/11\/bt-group-moots-200-million-sale-of-uk-fleet-division.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BT Group Moots \u00a3200 Million Sale of UK Fleet Division - 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