This follows the sale earlier in the week of its sale of its stakes in Japan Telecom, J-Phone and Spanish company Airtel to Vodafone, for a total of £4.8 billion. These sales should help start pay off BT’s crippling £30 billion debt. In an effort to reassure investors BT CEO, Sir Peter Bonfield said to the press regarding the sale, Today’s announcement shows yet again our determination to manage for value and is a further step forward in our debt-reduction plan.
