BT boss threatens to pull investment in broadband if Ofcom forces Openreach split
BT chief executive Gavin Patterson has responded to Ofcom’s revelation that is considering a forced sell-off of Openreach, saying he will cease investment and put up a decade-long legal fight.
BT has a near monopoly of the market with Openreach, its division that wholesales access to broadband and telephone lines.
Ofcom’s last strategic review in 2005 saw it repositioned to become a separate part of BT.
However, as part of the 2015 strategic review, Ofcom said it was considering a complete split that would see Openreach sold off. It stated ‘concern’ for its performance and is considering deregulation and Read full story ›
Source: The Drum
