Original URL: http://www.theregister.co.uk/2001/04/11/bts_vans_up_for_sale/

BT's vans up for sale

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

By Tim Richardson

Posted in Business, 11th April 2001 10:23 GMT

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