BT Sells Eutelsat Stake

BT sells its shareholding in Eutelsat to GS Capital Partners 2000 for £363M in cash

November 26, 2004

1 Min Read

LONDON -- BT announced today that it had signed a definitive agreement with GS Capital Partners 2000, an investment partnership affiliated with Goldman Sachs, to sell its entire shareholding in Eutelsat for a price of £363 million in cash.

The transaction is conditional only upon the approval of the Board of Eutelsat and is expected to complete in the current financial year.

BT Group plc


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