BT reorganization revives speculation over Asian assets

British Telecommunications, one of the world's most aggressive investors in Asia's mobile phone industry, said it will sell up to 25% of BT Wireless, its European mobile phone business, as part of a sweeping reorganization aimed at paying off debt and streamlining its operations to take advantage of the emerging market for third-generation mobile phone services. The company said it also plans to sell its directory services unit and may sell stakes in its web hosting and broadband busi…