BT may be interested in takeover of ITV following resolution of Openreach regulatory review - speculative report
BT Group [LON:BT/A], an FTSE-100 telecoms company, may be interested in acquiring the UK-based television broadcaster ITV [LON:ITV], according to speculation cited by The Times. The newspaper’s market report section cited talk in London’s Square Mile that BT might be interested in ITV now that the telecoms group has reached an agreement with the UK telecoms regulator about its network infrastructure arm Openreach, but did not cite a source for the speculation.
BT has agreed to separate Openreach from the rest of its business but will retain ownership of the unit, the item noted.
The speculation did not boost ITV’s share price, which closed 0.8p down at 207.7p, giving the company a market capitalisation of GBP 8.36bn (EUR 9.52bn).
Link to The Times Article