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BT's record $10bn bond deal paves way for asset sales

BT, the UK's biggest telecoms company, could accelerate planned asset disposals after locking-in term funding with an expensive but record-breaking $10bn (€11.35bn) bond issue.

BT plans to float at least 25% of Yell, its directories business, by the end of March 2001. It will follow on by selling a similar percentage of BT Wireless, its mobile phone unit.

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