Saturday, 18 August 2018

Victory for Ofcom as BT agrees to Openreach split

By Nick Wood, Total Telecom
Friday 10 March 17

Networks arm to become legally distinct entity owned by BT; 32,000 staff to be transferred.

BT on Friday bowed to Ofcom's demand for it to implement a legal separation of Openreach, a move designed to strengthen its independence. BT's CEO said the restructuring will serve the best interests of U.K. consumers and businesses. Under the agreement, 32,000 staff will transfer to the newly-distinct company, which shall have its own branding. BT will still own Openreach and allocate its budget, but Openreach will decide how to spend its money…

BT on Friday bowed to Ofcom's demand for it to implement a legal separation of Openreach, a move designed to strengthen its independence. BT's CEO said the restructuring will serve the best interests of U.K. consumers and businesses. Under the agreement, 32,000 staff will transfer to the newly-distinct company, which shall have its own branding. BT will still own Openreach and allocate its budget, but Openreach will decide how to spend its money…

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