BT owns 18 percent of StarHub, which is also held by Singapore TechnologiesTelemedia (34.5 percent), Singapore Power (25.5 percent) and Nippon Telegraph and Telephone Corp.
BT had invested more than ?00 million (US$727 million) in Asia in the past year, but these may now be liquidated.
British telco is under pressure because of competitive pricing at home, as well as the recent bidding battle over 3G licenses, which could set the company back ? billion (US$4.36 billion).
Other BT assets that could be divested include holdings in French telco Segetel, Spanish mobile phone company Airtel, as well as shares in Hong Kong, South Korean and Indian companies.
StarHub officials made light of the reports of the possible sales, which had been in the Observer newspaper.
"This has been said many times before,but as far as we know, we still have our partners behind us," StarHub corporate communications officer Robin Tan told The Business Times.
Tan said he was not aware if there were any talks over the issue.
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