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LONDON (Alliance News) - BT Group PLC Chief Executive Officer Gavin Patterson said the telecommunications firm is not planning the sale of its mobile-phone towers, the Financial Times reported on Wednesday.
With many other telecoms companies choosing to sell their masts to specialist infrastructure firms and funds, BT has been linked to a potential sale in the past, the FT said.
However, Patterson, who is leaving the FTSE 100 firm at the end of January, said that since BT's mobile unit EE holds most of its masts in a joint venture with Three, substantial synergies are already generated and there is no requirement for a sale.
BT is selling other non-core assets, such as its vans and mechanics, the newspaper said.
Pacey are you sure that your OPENREACH sources aren't getting confused with yesterday's media report?
news.sky.com/story/bt-rings-changes-with-200m-sale-of-fleet-division-11549085
Excuse me Fawlty,
I think you'll find that it's Lam C Three who's real hoot on this board.
Lamtree
If you could still remember Consignia me thinks you've got a lot more in common with users of this site than you're letting on.
The BT brand in many peoples eyes has never recovered from its unfairly weekly kickin' it received from that acid tongued Annie Robinson. Hi YA BT selling Openreach would not make any difference as Pacey quite rightly states that they are " considered one and the same"
Hi Ya does have a point. The very mention of BT results in some people turning up their noses and as soon as you mention BT broadband to any Curry salesman an automatic response is " your're paying too much ". So there is a stigma about the BT brand. I'm shoulder to shoulder with Hi Ya why BT has been feet dragging when it comes to rebranding EE. I think keep the BT brand for the main network and have all the Quad paying services rebranded as PLUSNET …...Thirty years on and would still never consider buying a SKODA.
BT and SKY extend partnership in UK and Ireland
https://www.webwire.com/ViewPressRel.asp?aId=230679
Well OFCOM certainly got their desired effect today from yesterdays separation of Openreach from BT.
It may turnout to be a smart move by Fox. Let someone else finance a cable network whilst the Sly Fox buys BT for a fraction of the price and benefits from BT's existing network?
Not so breaking news. See Friday's chat.
Gavin Paterson and Tim Armstrong positions are both currently on parallel. A corporate re-org at Verizon this summer stripped Armstrong of many of his responsibilities and essentially handed day-to-day control of his Oath media empire to K. Guru Gowrappan the executive Armstrong hired as his COO last spring. So it was only a matter of time before Armstrong left Verizon rather than being approached by BT.
https://www.telegraph.co.uk/business/2018/09/02/former-boss-o2-running-bts-top-job/
Drat! Double Dart! and Triple Drat!
Bankbob...... How many sleeps to go?
Keeping a keen eye on this share, ready to pounce if it drops to £1.50 or below.
Total agree AUS fibre into every home is not necessary. I have BT infinity which I believe to be fibre to the cabinet (FTTC). During the dark winter months in my house the whole family could be using the internet at the same time and we've never experienced any problems. The criticism mainly comes from these people who choose to live and set up businesses in converted farm houses in the back of beyond. I wonder how far they would get with the Transport Minister if they started campaigning demanding access to a motorway within 10minutes like their competitors based in the City. It's just not financially viable.
After being "sacked", BT couldn't afford Gavin Patterson walking into tomorrow's AGM up in Edinburgh with a smug look on his face. So I'm not worried about today's drop in share price plus it will give the attending shareholders something to shout about.
Just an observation. I've noticed that all new Openreach vehicles are branded as only Openreach.There is no reference to " part of the BT group ". Is the share price being held naturally low in preparation for the sale of Openreach ? and what would this mean for BT shareholders ?
Hey Rodders, At this rate your entire holding of BT SHARES will be worth FIVE POUND BY XMAS.
Just think what the share price would be worth without the acquisition of EE.
It is now my firm belief even with a constant spate of bad news the BT share price has refused to drop below the �2 mark. At this price with a Network and Quad Play already in place, BT is now looking like a company that will be involved in a merger or takeover bid. It will be an interesting year ahead for BT shareholders.