BT mulls sale of India's Tech Mahindra stake: FT

HONG KONG (Reuters) - BT Group (BT.L: Quote, Profile, Research, Stock Buzz) is considering the sale of its 31 percent stake in India software services company Tech Mahindra (TEML.BO: Quote, Profile, Research, Stock Buzz), the Financial Times reported on Wednesday, after the UK telecoms company decided the holding does not fit its long-term strategy.

Citing people with knowledge of the matter, the paper said the UK-based telecoms group may sell all or a large part of its stake in the joint venture, which has a market capitalization of about $2.2 billion.

(Reporting by Michael Flaherty; Editing by Ken Wills)