Feeds

BT ditches plans to split business

Oh well

  • alert
  • submit to reddit

Security for virtualized datacentres

BT has ditched plans to break-up its business - for the time being at least.

In November last year the monster telco announced it was looking to split its networking and retail business in a bid to overcome increased regulatory pressure from telecoms regulator, Oftel.

Partial sell-offs would also help generate much needed cash for a company that, at the time, was staring at debt mountain fast approaching £30 billion.

Some argued that the split would enable BT's retail division to offer other services including utilities such as gas, water and electricity.

A new network company - called Netco - would supply wholesale services for all telcos including BT Retail.

BT chief exec, Sir Peter Bonfield, made much of the proposals claiming they were "no less dramatic in its way than the original privatisation [of BT] back in 1984" with the creation of a new look BT.

However, this vision of BT's future has now been dropped, according to the FT, which cites unnamed executives at the "heart of the restructuring".

This move doesn't affect the current demerger of BT's mobile phone business. ®

Related Story

BT still keen to split UK operation

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.