Summary
BT HAS unveiled the new business division that will oversee access by rivals to its local telecoms network - a landmark settlement in fulfilling promises it made to the regulator Ofcom in return for lighter regulation and averting a break-up into separate retail and wholesale arms.
In what BT described as its "biggest regulatory change" since it was privatised 20 years ago, the new Openreach division, which will run independently of BT but sit alongside its existing retail, wholesale and global services units, will be operational from January and is expected to have revenues of more than GBP 4bn and assets of about GBP 8bn.See the full content of this document
Extract
Bt's New Unit Promises Better Deals
It will have its own headquarters, its own chief executive, Steve Robertson, the former managing director...
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