This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36891446
The article has changed 9 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
BT avoids Openreach broadband break-up | |
(35 minutes later) | |
BT's Openreach division, which runs the UK's broadband infrastructure, should become a distinct company within the BT group, according to regulator Ofcom. | BT's Openreach division, which runs the UK's broadband infrastructure, should become a distinct company within the BT group, according to regulator Ofcom. |
The media watchdog has resisted calls from BT's competitors to split Openreach off entirely. | The media watchdog has resisted calls from BT's competitors to split Openreach off entirely. |
Instead, Ofcom said its plans would ensure the most independence from BT without the costs of a full separation. | Instead, Ofcom said its plans would ensure the most independence from BT without the costs of a full separation. |
The changes will help get faster, more reliable broadband to more people, Ofcom boss Sharon White told the BBC. | The changes will help get faster, more reliable broadband to more people, Ofcom boss Sharon White told the BBC. |
BT's Openreach should be a legally separate company with its own board, branding and control over its budget allocation, Ofcom ruled. | |
'Relieved' | |
BT chief executive Gavin Patterson said Ofcom's report was a "sensible way forward" and accepted broadband services could be "better". | |
Shares in BT have risen more than 3% on the news. Mr Patterson told the BBC that investors were "relieved that structural separation has been taken off the table". | |
However, rivals warned the new rules would be complicated and still leave Openreach's budget ultimately in the hands of BT. | |
"In taking one cautious step forward, I fear Ofcom has accidentally taken five steps back," Talk Talk chief executive Dido Harding said. | |
"Legal separation still means that we'll all be pouring over a complex web of regulation and BT has proven itself expert at gaming the system," she added. | |
Separation | |
Openreach runs the wires and cables for the UK's telecoms network and its customers include Sky and Talk Talk, as well as BT. | |
The government said a full split of Openreach from BT still "remains an option". | |
A Department for Culture, Media and Sport spokesman added that "a more independent Openreach is needed to benefit consumers". | A Department for Culture, Media and Sport spokesman added that "a more independent Openreach is needed to benefit consumers". |
'Powers' | 'Powers' |
Ofcom boss Sharon White told the BBC that a full split looks "clean and simple on paper", but "actually there are big practical challenges". | |
The plans will make Openreach a legally separate company and "can be introduced within months", rather than the years that a sell-off would involve, Ms White said. | |
"We need more fast fibre right to the doorstep," she said. Take-up in the UK is only 2%, compared with 70% in Japan, she said. | |
Calling it the "biggest shake-up to Openreach in its 10-year history", Ms White said the changes would ensure the broadband network is run in the interests of the UK not just BT. | Calling it the "biggest shake-up to Openreach in its 10-year history", Ms White said the changes would ensure the broadband network is run in the interests of the UK not just BT. |
"If BT doesn't agree, we will use the rules and powers to enforce the change," she added. "We have the powers, we're clear we have the powers." | "If BT doesn't agree, we will use the rules and powers to enforce the change," she added. "We have the powers, we're clear we have the powers." |
'Feet to the fire' | 'Feet to the fire' |
The regulator will now consult on its plans until 4 October. | The regulator will now consult on its plans until 4 October. |
Jeremy Darroch, chief executive of Sky, said: "We are encouraged by Ofcom's stated commitment and willingness to use its powers to hold BT's feet to the fire." | Jeremy Darroch, chief executive of Sky, said: "We are encouraged by Ofcom's stated commitment and willingness to use its powers to hold BT's feet to the fire." |
The plans come after MPs last week criticised the quality of service offered by Openreach, and said BT must put its "house in order". | The plans come after MPs last week criticised the quality of service offered by Openreach, and said BT must put its "house in order". |
Lawmakers argued the firm should be broken up unless BT pumped more investment into the vital infrastructure. | Lawmakers argued the firm should be broken up unless BT pumped more investment into the vital infrastructure. |