BT and regulator lock horns over Openreach as telecoms group fears a forced split could put its pension fund under pressure

BT and regulator Ofcom are locked in disagreement over the future of its broadband arm Openreach – with just days to go before a consultation on its future closes.
The telecoms group fears a forced split could put its vast pension fund under pressure.
Sources close to the company and the regulator said the two sides were still ‘some distance apart’ after Ofcom earlier this year said it wanted BT to set up Openreach, which sells broadband access to both BT and its rivals, as a legally separate company, with a chief executive appointed by and accountable to a new board.
BT is understood to... read more

1 October 2016 in Business, Views: 39
Source: Daily Mail

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