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BT: the case for slimming down

Spinning out or selling Openreach would bolster the telecoms group's balance sheet and pave the way for vital upgrades to the UK's broadband infrastructure
May 28, 2020

BT (BT.A) investors faced a second disappointment in less than two weeks earlier this month when reports that it was in discussions to sell a multi-billion-pound stake in Openreach were dismissed. The Financial Times report boosted the telecoms group's share price by 9 per cent, after the market value had sunk to a near-11-year low on the back of management's decision to suspend its annual dividend until 2022. 

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