British telecommunications giant BT Group (BT.L) has initiated discussions with AT&T (T.N) and Orange (ORAN.PA) regarding potential partnerships to revitalize its international business, according to a Bloomberg News report.
The move comes as part of BT’s broader strategy to refocus its operations and address challenges in its global division.
A spokesperson for BT confirmed the company’s openness to exploring various strategic opportunities, stating, “We’re keeping everything open and this means we’ve been speaking to third parties about a range of possibilities.” However, further details regarding the nature of these discussions were not disclosed.
Allison Kirkby, who assumed the role of CEO at BT a year ago, has been prioritizing the company’s domestic business while simultaneously assessing potential solutions for its international operations. One of the options reportedly under consideration is the sale of a stake in BT’s global division, Bloomberg News noted.
Despite reporting record fibre customer additions in its most recent financial results, BT has faced headwinds in its international business unit, contributing to a decline in overall revenue for the quarter ending December 31. The company’s pursuit of strategic partnerships is seen as an effort to mitigate these challenges and strengthen its global presence.
The outcome of BT’s discussions with AT&T and Orange remains uncertain, but any potential collaboration could mark a significant shift in the company’s approach to its international telecommunications strategy.
