- Reuters•3 hours ago
Speaking a day before regulator Ofcom issues its verdict on how BT should improve performance, Chairman Mike Rake said the group realised it had more to do to improve its network but that forcing separation was not the right way to go. BT has already offered to increase spending on the division that runs the network - Openreach - and on Monday it went further by spelling out its plans to give the unit greater autonomy. "We're absolutely willing to form an Openreach board that would have an independent chairman, a majority of independent directors.
- Reuters•6 hours ago
BT is willing to give more autonomy to its Openreach network division, creating an independent board with a greater say over investment, its chairman said on Monday ahead of a decision on whether it should be broken up. Rival telecom providers who rely on BT's network have accused the group of not investing enough and providing a poor quality of service and regulator Ofcom has threatened to break up Britain's biggest telecoms provider if it does not improve broadband access in the country. Ofcom is due to give its findings about how Openreach should be run on Tuesday and its chairman spoke publicly on Monday to set out its future plans.
Liberty Global plcNasdaqGS
After hours: 31.410.06 (0.19%) as of 4:05 PM EDT
|Bid||0.01 x 100|
|Ask||31.59 x 100|
|52wk Range||26.16 - 54.42|
|Day's Range||31.35 - 31.88|
|Avg Vol (3m)||4,179,522|
As of 4:00 PM EDT. Market closed.