RE: SP collapse through 200p in 201913 Jan 2019 10:42
What is Openreach? how can you sell it and what assets are there to sell? . Openreach are a group of engineers that repair and maintain BTs networks, they dont own the network, buildings, tools, vans, BT own all that. Hard to see how you would sell them as "Openreach" as such, I can see them being TUPED, and possibly sold down the river, but at what price, a token gesture perhaps?, wouldn't it just be easier to let them go and join a different contracted out company and do the same work for less money and more hours with no pension or paid holidays. Long term copper work is currently flogging a dead horse, where as the young gig economy workers on fibre would be grateful for the opportunity. How about MJ Quinn to takeover the failing or loss leading ex BT state monopoly "Openreach" engineering department as a headline? Openreach will not be sold with 50 Billion quids worth of copper network thrown in for free, what you get is 30000 stressed out people that have had their pensions closed and zero motivation, half of which know what they are doing and the other half just doing whatever they want.