- BT Group (BT -0.3%) has hired Credit Suisse as part of its effort to sell its Spanish operation BT España, Expansion reports.
- Credit Suisse has distributed its notebook and its waiting for first formal expressions of interest, according to the report.
- The unit is looking to draw buyers from a pool that includes investment funds and Euskaltel; larger companies like Telefonica (TEF -0.5%), Vodafone (VOD -0.8%) and Orange (ORAN -0.6%) are not expected to bid, preferring to use their own networks for organic growth.
- It could be valued at €250M-€300M, according to the report.