BT Approaches AT&T and Orange on International Unit Tie-Up, Sources Say
By and Jillian Deutsch
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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.
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Low-carbon jet fuel company foresees huge investment in western North Dakota
Chris Ryan, right, president and chief operating officer of renewable fuels company Gevo, speaks June 10, 2025, in West Fargo, N.D., at the Midwest Ag Summit. At left is Greg Lardy, vice president for agriculture at North Dakota State University. (Jeff Beach/North Dakota Monitor) WEST FARGO, N.D. — The demand for jet fuel is going up. The demand for gasoline is going down. That's the simple explanation from Chris Ryan, the president and chief operating officer of Gevo, on why the company plans to add a sustainable aviation fuel plant to the corn-based ethanol plant it purchased at Richardton in southwest North Dakota. Ryan said the low-carbon jet fuel won't come cheap – throwing out a ballpark figure of $500 million for a potential project still years down the road. Ryan spoke Tuesday in Fargo at the Midwest Agriculture Summit hosted by The Chamber of Fargo, Moorhead and West Fargo. Colorado-based Gevo bought the Red Trail Energy ethanol plant at Richardton last year. The Red Trail plant was the first ethanol producer in the country to implement carbon sequestration — capturing carbon dioxide from the plant's corn fermentation tanks and pumping it into permanent underground storage. The CO2 sequestration is key in lowering the carbon intensity score of the plant and for sustainable jet fuel production. Low-carbon fuels can fetch a higher price than traditional liquid fuels. 'We could make gasoline, but it's a diminishing market,' Ryan said. 'So jet fuel is a kind of sexy thing to talk about these days.' In an interview with the North Dakota Monitor, Ryan said there is plenty of room to add a jet fuel plant at the 500-acre Richardton site. He said the plant would add about 50 jobs, about the same number that the ethanol plant employs. Expanding the ethanol plant also is a possibility, Ryan said. The company also is considering adding wind turbines at Richardton to provide power and lower the carbon score even further, he said. Even though renewable energy tax credits are a possible target for budget cuts under President Donald Trump, he said wind energy at the site still makes good economic sense. Corn price connection to carbon capture hard to pin down Gevo also has plans for a sustainable aviation fuel plant at Lake Preston in southeast South Dakota. The future of that plant depends in large part on the five-state Summit Carbon Solutions pipeline project that would take carbon emissions from ethanol plants to western North Dakota for underground storage. Ryan said when the South Dakota project was conceived, it did not include carbon capture. But as construction costs soared with the COVID-19 pandemic, he said it became necessary to sign on to the Summit pipeline project. He said the federal tax credits for carbon sequestration would help offset the higher building costs. The project has stalled as Summit has run into permitting challenges and a new state law giving landowners more power in easement negotiations. 'We really need the pipeline,' Ryan said. He added that Gevo bought more land than it needed for the project. That is allowing for other projects at the site, benefiting Gevo and the Lake Preston area, he said. The Summit delays spurred the purchase of Red Trail, which had the advantage of sitting almost on top of an area suitable for underground carbon storage. 'We had to take our destiny into our own hands,' Ryan said, and not be dependent on the Summit pipeline. He said Gevo can 'copy and paste' the engineering work done for the South Dakota site to the Richardton site. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX While the carbon dioxide from the Richardton plant is being pumped underground, Ryan said Gevo recognizes that it has a potential for use in North Dakota's oilfields, making oil wells more productive through what is called enhanced oil recovery. North Dakota leaders have been trumpeting the economic benefits of enhanced oil recovery. Ryan said if the oil industry is willing to pay for carbon dioxide to use in enhanced oil recovery, Gevo would sell the CO2 rather than pump it underground. 'We don't care where the revenue comes from, right? Today, we sequester it for a tax credit, and we can sell carbon credits,' Ryan said. 'Or you can sell it to somebody for enhanced oil recovery.' He said he sees it as another advantage of doing business in North Dakota. 'People in North Dakota get that, they understand the value of that,' Ryan said. This story was updated to correct Chris Ryan's title. SUPPORT: YOU MAKE OUR WORK POSSIBLE
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Australia's Qantas to close low-cost arm Jetstar Asia
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Warner Bros. Discovery is saying That's all, folks. No Kings Day: June 14 protests set to be biggest yet, will counter Trump military parade in locations nationwide. Here's what to know How to get the most out of Google's free AI Studio China is arming its space station with 'guard dogs.' They have good reason for it On Monday, the media and entertainment conglomerate announced that it would break into two separate companies, one for its cable TV networks and the other for its streaming services and studio business. The split is expected to complete sometime next year, and each company will be publicly traded. In effect, the breakup will separate WBD's flagship streaming service, HBO Max, along with its movie and television production operations, from its cable networks and news offerings, which include CNN, TNT, and many other networks. When it's all said and done, the separation will more or less undo the merger between Warner and Discovery that occurred in 2022, when WarnerMedia was spun off from the mobile and wireless giant AT&T. Here's how it'll all break down once the dust settles in 2026: 'Global Networks,' as company management refers to it, will include many of WBD's entertainment, news, and sports brands. That includes TV networks like CNN, Discovery, and TNT Sports in the United States. But there will be differences depending on international regions and countries, and depending on specific rights agreements. Global Networks will also house Bleacher Report and certain digital products, like the Discovery+ streaming service. Gunnar Wiedenfels, WBD's current CFO, will become the president and CEO of Global Networks. 'Streaming and Studios' will become the home of the company's development and production assets, and more. It will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, and their respective film and television libraries. David Zaslav, WBD's current CEO, will remain CEO of WBD Streaming & Studios. During a conference call on Monday morning, Zaslav said 'we're focusing on the next stage of transformation' of WBD, and that the separation will 'allow each of these strong companies to achieve their maximum potential.' 'Each company will have its own dedicated management team and board,' Zaslav said, with 'unique objectives and priorities.' He added that 'we expect all the factors to come together to unlock value—these companies will be better aligned with shareholders.' Wiedenfels, joining Zaslav on the call, said that 'the whole concept of the separation is to create two strong and well positioned companies—we feel very confident about the compelling nature about both portfolios,' adding that he saw the separation as 'a natural progression of WBD.' Both companies will be publicly traded. Moreover, the global networks business will hold up to a 20% retained stake in the streaming business. In the short term, Warner Bros Discovery stock (Nasdaq: WBD) was up about 7.59% in late-morning trading on Monday after the announcement. But the stock is flat year to date. Last week, shareholders voted to reject pay packages for top executives including Zaslav, although the vote was largely symbolic. WBD, since its merger a few years ago, has struggled with debt, rounds of layoffs and rebranding. (Notably, HBO Go became HBO Max, then Max, and is now back to HBO Max again). But Zaslav sounds upbeat about the future, and said the two companies coexisting should help each prosper. 'When we put these businesses together in the last three years, we built them out, and we paid down debt,' Zaslav said. 'We believe [the separation] gives us a lot more flexibility in the future.' This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
