BT has denied that today's announcement outlining major structural changes at the monster telco was little more than "rearranging deckchairs on the Titanic". Sir Peter Bonfield, BT's CE, was responding to a remark, which questioned the seaworthiness of the monster telco and its share price, which has pitched and yawed wildly over the last six months. Elsewhere, BT said it would publish major announcements including pricing details in the next fortnight about ADSL. Winged watchdog OFTEL has broadly welcomed BT's announcement today arguing that it was a significant step towards "greater transparency". "Transparency is a key component of effective competition," it said in a statement. "Oftel's strategy is that where there is effective competition, there is less need for regulation," the outfit added. ® Related Story BT McKinseyed in bid for world leadership