Operator BT - BRITISH TELECOM has announced the sale of its real estate portfolio for the sum of £2.38 billion to TELEREAL, a joint company held equally by TRILLIUM, a LAND SECURITIES subsidiary and the largest British real estate company quoted on the stock market, and by PEARS. The transaction amounts to a total of £2.38 billion. With this move, BT thus hopes to reduce its indebtedness of £16.5 billion.