Feeds

BT's vans up for sale

58,000 vehicles, one owner, many drivers, MOT, fsh, c/locking, p.steering, bags of room... £1bn ono

  • alert
  • submit to reddit

Mobile application security vulnerability report

BT is looking to flog its fleet of vehicles and outsource its motor pool operation in a bid to help cut its £30 billion debt.

The FT cites Geoffrey Almeida, head of BT Business Services, who told journalists yesterday that the outfit was looking to dispose of its vehicle fleet as part of the company's "strategy to focus on the core telecoms business".

Although no figures were discussed the FT estimates that farming out its fleet of 58,000 vehicles could save the company as much as £1 billion.

A spokesman for the struggling telco told El Reg that this was just "one of a number of avenues we're looking into".

BT also named Land Securities Trillium PLC and William Pears Group as the preferred bidder for its property sale and lease-back scheme which is on target to net the company around £2 billion. ®

Related Story

BT to raise £2bn in property sell-off

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.