BT CE, Sir Peter Bonfield, has all but ruled out breaking up the monster telco.

Reports at the weekend suggested that the appointment of FD, Philip Hampton, who oversaw the break-up of British Gas, was a precursor to the subdivision of BT.

But Sir Peter told the Times that this wasn't accurate and that he had "virtually ruled out a BG-style break-up".

He also quashed speculation that BT would merge with AT&T. ®

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