BT gives e-peopleserve the big e

TELCO BT Group has sold its 50% stake in e-peopleserve, the staff outsourcing business, to partner Accenture for $70m (£46m) in cash. The group, which is focusing on core activities, will use the cash to cut its debt.

BT will also receive between $35m and $225m more for the stake, depending on e-peopleserve's revenues over the next five years.