Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

BT would consider combining wholesale, OpenReach units if allowed

Published 19/11/2014, 18:16
© Reuters. The British Telecom logo is seen in central London
BT
-
TALK
-

BARCELONA (Reuters) - BT (L:BT), the former telecoms monopoly, said it would consider combining its wholesale division and OpenReach, its standalone business that makes its networks available to rivals, if the regulator allowed it.

Competitors such as TalkTalk (L:TALK) and Sky deal with OpenReach to connect their own lines into BT's network rather than directly with BT to ensure they get fair access.

Rivals can also take fixed-line services from the BT wholesale division.

Chief Executive Gavin Patterson said he had "been looking" at merging the two divisions, but any change would need approval from regulator Ofcom.

"It's something we have periodically looked at ... over the last few years," he told the Morgan Stanley Tech, Media and Telecoms conference in Barcelona.

"When I listen to the service providers community often they say why don't we just have one point of contact, one counter in BT that can service through the 'build your own' versus the 'rent model'."

He said Ofcom could be minded to change the regulations if it were something service providers wanted.

(Reporting by Danilo Masoni; Writing by Paul Sandle; Editing by Mark Potter)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.