Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Then of course you have the biggest problem, the network, it belongs to BT who are obliged to look after it. Be good if they could off load it. Holistic or non holistic both come with their own issues, true independence for Openreach would therefore be extremely difficult and would find it even harder to meet the regulations and constraints imposed by Ofcom who would in effect be running the company.
Openreach wouldn't last long, the providers, including BT no doubt, would use the cheapest contractors available just as they do now. Unless of course the government gave them a major project or some form of protection.
BluePete Pumpkin eater, carling black label and battling tops, ring any bells? I had you down as a baby boomer.
Gecko999 has got to be Lamtree but cleverly disguised as a rancid donkey so nobody notices, got your number, spot it a mile off.
Its good isn't it, BT is suffering share price fall because they are appear to be giving me all their profit, I love my BT shares, long live the dividends, I dont mind a couple of years without it as I hate paying more tax
Fleccy, not £2.00 meant £12.00, typing error, and Ofcom dictate the minimum BT is allowed to charge its customers, or BT would undercut them all overnight and wipe them off the map, monopoly and all that.
I want BT to move forward and get back to the status it once had, but without the civil service mindset, look above at the directors bunce they receive in free shares used to pay there tax, with the share price at an all time low, billions of debt and no reserves to function as a forward thinking national network.
So if Openreach become a stand alone, over a third of BTs current revenue would vanish, then you have a dilema, for example you have an issue with your BOJO Broadband, you call an engineer, he spends a couple of hours scratching his head and says, don't worry I will be back after I fixed it good for ya geez, then goes on a jolly, sits in a shady lay-by picking his nose and smoking a vape , well that equates to over £400 per engineering visit, by the time you paid his wages, his managers wages and bonus and company car. Who pays for that visit? do you really think that the service provider will pay that? well they are not paying for it now, thats all taken care of by BT, they are earning £2.00 a line to rent it a service provider that owns zip and pays zero toward any maintenance of any kind, yet makes 75% more than BT can even with their minimum rental packages cost. They must be allowed by ofcom to become more competitive but the competition/monopoly laws forbid that, BT are a British necessity now, however you don't need to wipe your backside with rain forest shea butter aloe vera antiseptic toilet paper when a bit of moss on a stick does exactly the same thing.
You can kitchen sink the place, change the colour of the tshirts but whatever it ends up as it will still be stifled by outside interference, its struggling to keep up with what it has now, it really needs to grow a pair and throw itself at ditching the old way of operating and just get on with removing the wet string and getting that fibre in, careful what you wish for though, we are all going to pay for it shareholders and customers alike. Then wait for the surprise, is the price of a fibre line to your house going to cost more? less? or the same? do we really need a billion gig connection to watch football and buy stuff we dont need on interweb? it will probaly become illegal to live in a house without BB and your children will have to sit exams on BB line, or your car wont operate unless you paid your bill. Elon Musk should be CEO, a engineer with vision, to put the place back on the map and make it number 1 in the world.
And that in a nutshell, is that.
BT pension is closed my friend, the employees pay in to a standard life saving scheme disguised as a pension. BT are moving away from being a pension provider that happens to run a telco. And no, paying the bill for the infastructure only started when the goverment realised it was to expensive and gave it to BT to do whatever it wanted with, and they partied large, but then Ofcom arrived and here we are today, billions of debt and begging the Bojo government to help out.
When do you hope Opennreach are spun off?, just before or just after building Great Britain's fibre to the premises network, there wouldn't really any income created from the sale of Openreach, but there would be a huge loss of income to BT, and I dont think anybody would want to take on 50000 worn out used and abused grumpy engineers with a deadbeat pension. Plus, who would pay for the network upkeep? BT or Openreach, or possibly the Boris Johnson magic castle garden full of mystery money trees, with the infinite moat of liquid gold.
Velo, , who is getting it right, you, BT or the analysts? is what your saying good or bad ? surely it all rests on what we learn tomorrow. What can I learn from what your saying? Is it that your subscriptions are wrong, BT is wrong or the analysts are wrong, I am confused as cant see an advantage of knowing the result either way, I am sure it will be dissapointing even if its a positive, after all it is BT.
OOps we.......did it again, BT say we may have overcharged a few business customers, whats the betting it runs in to a fair chunk of coin, how much you reckon ?, I dont know how much but would take a guess at roughly more than enough money to cover a small towns electricy for a year, give or take a few 5kw 3 bar heaters.