Feeds

New BT chief rules out network sale

No means no - apparently

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

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

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
Cutting cancer rates: Data, models and a happy ending?
How surgery might be making cancer prognoses worse
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?