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Last Updated: Friday, 3 March 2006, 12:48 GMT
BT shares rise on bid speculation
Exterior of BT office
BT dismissed the reports as "speculative".
Shares in BT Group have risen 4% on reports that the telecoms giant could soon become a takeover target.

The Times reported that several private equity firms were weighing up potential bids for the business.

But it quoted one telecoms expert as saying that the complex structure of a potential 20bn bid and BT's pension liabilities may deter would-be bidders.

BT said the reports were "completely speculative", adding that it had not received any approaches.

BT's shares were up 8.5 pence or, 4%, at 216.5p at lunchtime.

BT recently reported better-than-expected third quarter profits of 1.38bn, boosted by strong sales of internet services.


SEE ALSO:
'New wave' leads BT Group profits
09 Feb 06 |  Business
BT pushed to cut phone line cost
09 Nov 05 |  Business
BT offers TV 'on demand' service
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