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BT Group ends feud with regulators in deal to split off network

Monday, March 13, 2017 - 05:50

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Openreach, BT's most profitable unit, will have its own staff, management and strategy, and will be legally required to serve all of its customers equally.

London

BT Group plc agreed to split its Openreach telecommunications network into a separate legal entity, resolving a year-long dispute with UK regulators and sending the stock up the most in almost nine months.

The accord ends a major distraction that has weighed on BT shares and

sentifi.com

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