Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

Report: BT shareholder says company should consider Openreach sale

Published 11/07/2016, 12:22 PM
Report: BT shareholder says company should consider Openreach sale
  • While UK telecom BT Group (LON:BT) (BT -0.3%) has dug in regarding pressure to unload its Openreach infrastructure arm, one shareholder has reportedly suggested it should consider a sell-off.
  • Aviva (LON:AV) Investors says BT should ponder the move, one which would ease regulatory pressures and please rivals, according to the Sunday Telegraph.
  • "They obviously have been clear that they don't want to do it, but that doesn't mean it can't be done," said Trevor Green, Aviva's head of UK equities, according to the paper. "We just think it should be something which should be explored."
  • Vodafone (NASDAQ:VOD) has been vocal about pressing for the move, along with Sky (OTCQX:SKYAY) and TalkTalk (OTC:TKTCY) -- all of whom want to maintain access to the wholesale infrastructure at favorable terms. Meanwhile, UK regulators continue to consider whether breaking it up is in the public interest.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.