BT Is Said to Approach AT&T, Orange on Global Unit Tie-Up (3)

BT Group Plc has approached major telecommunications companies about partnerships to help turn around its struggling international business, according to people familiar with the matter.

The UK-based operator approached potential partners including AT&T Inc. and Orange SA to explore tie-ups that could involve selling a stake in its global segment, the people said, asking not to be identified because the discussions are private. Deliberations are preliminary and there’s no guarantee of a transaction, the people said.

BT’s global unit, which was recently folded into a larger business segment, has dragged down growth metrics for years, with steadily declining earnings and ...