Britain's BT said a report in the Financial Times that it was in talks about selling a stake in its networks business Openreach was "inaccurate".
"Many of you will have seen the reports overnight about BT being in talks to sell a stake in Openreach," Openreach CEO Clive Selley said in a message to staff.
"I spoke to (BT CEO) Philip Jansen last night after the story broke in the newspapers. He is very clear - the story is inaccurate. Openreach is staying in the BT Group."
(Reporting by Paul Sandle, editing by Louise Heavens)