, Columnist
BT Takes a Leaf Out of Hedge Fund Billionaire's Songbook
An Openreach stake sale would help get ahead of any Telecom Italia-style activist interest.
Dialing up.
Photographer: Jean-Claude Deutsch/Paris Match Archive
This article is for subscribers only.
After years of prevarication, BT Group Plc seems finally willing to consciously uncouple from its fixed-network business. CEO Gavin Patterson may be learning from the experience of BT’s Italian peer.
The former British national telecoms operator is evaluating informal proposals to sell at least a minority stake in Openreach, which operates most of the country’s phone and broadband networks, according to a Bloomberg News scoop late on Thursday. That’s exactly what I advocated earlier this month.