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BT Retains Stake In Eutelsat (Satellite)

Posted: 31st Mar, 2003 By: MarkJ
BT has chosen to retain its 17.5% stake in the French satellite operator Eutelsat, which helps to supply several UK broadband satellite ISPs:

The company is reporting that it has not had any reasonable offers from strategic and private equity buyers, but, as it is not saddled with the debt its French and German counterparts are, BT is reportedly happy to wait until market conditions improve to find a better offer.

The Europemedia item notes that this doesn't mean BTs stake won't be sold, only that it's likely to hold it until at least the end of 2003.
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