BT sells Spanish assets to Portobello Capital

LONDON (Reuters) - Britain's BT has struck a deal to sell its operations in Spain including fibre networks and data centres to Portobello Capital as part of its transformation of its international operations. Through a wholesale agreement BT will continue to have access to the infrastructure, which provides networking services to around 600 major enterprises and generated around 230 million pounds ($295 million) of revenue in the 2018/19 financial year.