Technology

BT dumps a heavy weight on O2

BT announced on September 5, that its newly established wireless division O2, will accept GBP500 million of debt from the mother company as it attempts to overcome its crippling debt mountain.

CBR Staff Writer September 5, 2001

BT has made other moves to relieve itself of the debt, such as launching a 5.9-billion-pound share issue. This year, BT has scaled down its massive debt from a peak of about GBP30 billion to GBP17.5 billion in June through a selling spree of assets and new shares. The company announced the news in a press release.

More Relevant

Technology

Survey finds only 27% of executives see tech fully aligning with business goals

Technology

Half of CEOs report fragmented tech systems amid rapid investment, survey finds

Digital economy

How justfly.com defines a “user-centred” travel solution

Partner content

Power of the possible: Why enterprises can no longer afford to delay GenAI initiatives

Sign up to the newsletter: In Brief

Your corporate email address *

First name *

Last name *

Company name *

Job title *

Vist our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the Progressive Media network.

Sign up for our regular news round-up!

Sign up for our weekly news round-up!

Sign up to the newsletter: In Brief

I would also like to subscribe to:

Thank you for subscribing