BT staying in Sport for now, but full exit could still come

BT is working on a deal to create a 50:50 sports broadcasting joint venture with Discovery, a move that means it will not exit the sports business altogether.
The announcement came alongside a relatively weak Q3 results presentation from the UK incumbent, which included a topline decline and a warning that revenues for the full financial year will be lower than last year’s. As a result, the telco’s shares had taken a hit at the time of writing.
But the sports deal served as a handy d