BT cuts tax with sale and leaseback transaction

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BT cuts tax with sale and leaseback transaction

February 01 2004

BT Group, the UK telecoms company, has carried out a £1.3 billion ($2.37 billion) sale and leaseback of its ageing telecoms business that could cut the company’s tax liabilities by as much as £300 million ($546 million) over a number of years

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