BABA Alibaba Group Holding Limited

By Adria Calatayud

BT Group PLC (BT.A.LN) confirmed Monday that it is in talks with China's Alibaba Group Holding Ltd. (BABA) to form a cloud-services partnership.

The U.K. telecommunications company said it couldn't provide more details on the negotiations at the moment.

BT's confirmation follows press reports indicating that a potential partnership between the British company's information-technology consulting unit and the Chinese e-commerce giant could be similar to Alibaba's deal with Vodafone Group PLC (VOD.LN) in Germany.

Earlier this month, Alibaba and Bollore SA (BOL.FR) signed an agreement to jointly develop projects in cloud services, clean energy and mobility, logistics and other areas, as the Chinese group moves to challenge Amazon.com Inc.'s (AMZN) dominance in Europe.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

July 09, 2018 07:15 ET (11:15 GMT)

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