UK drops talks with BT Sport

A number of TV companies and streaming platforms have been linked in recent weeks to a potential deal for BT Sport.

Rupert Murdoch’s News UK quickly dropped discussions about the future of BT Sports.

As () increasingly focuses on its high-speed fiber-optic network, it is in talks with a number of potential suitors for its sports broadcasting arm, which holds the broadcast rights to the Premier League and the Champions League.

A Telegraph article reported that talks had started between BT and News UK, but subsequently the editor of The Sun and The Times clarified that the talks were only an “early stage” and that they were had only sought to “explore a limited business partnership. Opportunities.”

News UK is the latest alleged contender for the BT Sport business unit, which owns the broadcast rights to the Premier League and the Champions League.

The likes of ITV and the fast growing sports streaming app DAZN have also recently been put in the frame.

This comes as BT Group is increasingly focusing on its high-speed fiber-optic network.

BT is also operating with a new major shareholder after French billionaire Patrick Drahi spent some £ 2 billion earlier this month to acquire 12% of the shares in the British telephone company.

Drahi, vis-à-vis its Altice vehicle, has a proven track record in negotiation and consolidation in the telecommunications sector.

Altice is the second largest mobile telephone operator in France and a major player in the United States.

It was formed and developed through a series of carefully selected acquisitions primarily using debt financing. The acquisition in 2013 of SFR, formerly a partner and partially owned by Vodafone, was a turning point. Vivendi bought Voda in 2011, before selling the company to Altice two years later.

In 2015, Altice strengthened the group with the acquisition of US telecommunications companies Suddenlink Communications (a 70% stake) and Cablevision for S $ 9 billion and US $ 18 billion respectively, before merging the US units – today The combined group, Altice USA Inc (), has a market capitalization of approximately US $ 16 billion.

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