trending Market Intelligence /marketintelligence/en/news-insights/trending/c1n_x_rDSoRPfgcOHObp2Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Portobello Capital to acquire BT's Spanish unit

European Subscription OTT Video 5 Year Outlook

Asia-Pacific Subscription OTT Video 5-Year Outlook

Early Q4'19 Results Point To 6 Million-Plus Multichannel Subscriber Drop In 2019

Measuring The Wireline Digital Divide In The US


Portobello Capital to acquire BT's Spanish unit

As expected, British Telecom agreed to sell its Spanish managed ICT business to funds managed by private equity firm Portobello Capital Gestión SGEIC SA for an undisclosed amount.

The acquisition includes domestic network infrastructure assets, such as a 5,600-km optical fiber network, city fiber networks in Madrid and Barcelona, and three data centers.

The deal's closing is expected in the first half of 2020, subject to regulatory clearance.

The Spanish business will continue to be led by its existing management team after deal completion. BT will keep its presence in Spain through its Madrid and Barcelona offices, access points to its global network, and its cybersecurity operations center. The telco will retain access to the domestic infrastructure, with the Spanish business agreeing to resell BT's global products.

BT is selling its Spanish business, which provides networking services to about 600 major companies, as part of a restructuring of its global services division.