BT Takes a Leaf Out of Hedge Fund Billionaire’s Songbook

May 25th, 20189:08 am @

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After years of prevarication, BT Group Plc seems finally willing to consciously uncouple from its fixed-network business. CEO Gavin Patterson may be learning from the experience of BT’s Italian peer.

The former British national telecoms operator is evaluating informal proposals to sell at least a minority stake in Openreach, which operates most of the country’s phone and broadband networks, according to a Bloomberg News scoop late on Thursday. That’s exactly what I advocated earlier this month.