May 14, 2020 / 7:20 PM / 14 days ago

Macquarie has not expressed interest in BT's Openreach: source

FILE PHOTO: A pedestrian walks past the logo of Australia's biggest investment bank Macquarie Group Ltd which adorns a wall on the outside of their Sydney office headquarters in central Sydney, Australia, July 18, 2017. Picture taken July 18, 2017. REUTERS/David Gray

LONDON (Reuters) - Australia’s Macquarie Group (MQG.AX) has not expressed interest in BT’s (BT.L) Openreach unit and is not in talks with BT’s management, a source close to the investment firm told Reuters.

The Financial Times said on Thursday BT was in talks to sell a multibillion pound stake in its network business, and named Macquarie as a potential buyer.

Reporting by Pamela Barbaglia; Writing by Paul Sandle; Editing by Sandra Maler

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