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Article: BT shares soar on talk of GBP 20bn private equity bid
- Article from:
- The Scotsman
- Article date:
- March 4, 2006
- Author:
CopyrightCopyright 2006 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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SHARES in BT Group jumped over 6 per cent yesterday on reports
that the former monopoly could attract a GBP 20 billion bid from a
consortium of private-equity firms.
The company dismissed the report, but it comes in the wake of
rising private-equity activity in the European telecoms sector. A
clutch of funds bought Denmark's TDC last year for dollars 12 billion
(GBP 6.8bn).
Former Irish monopoly Eircom is being looked at by Australian
investment company Babcock & Brown, while the smaller Kingston
Communications has been targeted by Carlyle.
A swoop for BT ...