[Dingbat]

Tweet from Marc Allera CEO of BT Consumer this morning:

“Not often we can talk about a potential partnership w/ one of the planet's largest content players.

After a detailed process to find the best way to strengthen our Sports biz, @BTGroup's in excl. talks with Discovery, Inc. on a deal to create a new broadcasting entity in the UK.

The proposed joint venture would act as a perfect home for our BT Sport business. With a shared ambition for growth and combination of our world-class sports assets along w/ Discovery’s premium sports and entmt content, our customers will benefit from more content in more places.

BT Group is aiming to conclude exclusive discussions with Discovery, Inc. in early Q1 and for the new company to be operational later this year, subject to completion of the deal and approval by the relevant competition authorities.“