Feeds

New BT chief rules out network sale

No means no - apparently

  • alert
  • submit to reddit

Remote control for virtualized desktops

BT's new chief exec, Ben Verwaayen, said yesterday that the telco's network is not for sale.

Speaking at a press conference in Munich, the new broom sought to draw a line under speculation that BT might consider selling part, or all, of its UK network.

The move – just days before Mr Verwaayen officially takes up his post as the head of BT – is designed to end the uncertainty over BT's future strategy.

Mr Verwaayen said selling the company’s fixed line business made "no sense".

Last year German investment bank, West LB, offered £18 billion for BT's landline phone network. And Earthlease, a consortium led by Babcock & Brown and Chancery Lane Capital, bid £8 billion for BT's local loop, the wires that connect homes and businesses to its network.

The strong stand by BT's new boss will, no doubt, be welcomed by BT Retail's CEO, Pierre Danon.

In an interview with The Register last year he said he was "fiercely opposed" to the sale of the network and was adamant that BT had to retain control of its phone network. He said selling the network would be the "most stupid thing you can do". ®

Related Story

BT Retail chief 'fiercely opposed' to sale of local loop

Beginner's guide to SSL certificates

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.