BT Group’s new chief executive, Ben Verwaayen, has stated that the group’s fixed line network is not for sale. The option to sell BT Wholesale, its fixed line business, was dismissed as making “no sense”. The statement puts an end to speculation that the group would consider improved offers.
The German state-owned Westdeutsche Landesbank offered GBP18 billion for BT’s fixed line assets last year. Despite its debt problems, BT firmly rejected the offer and later divested its mobile subsidiary.
Mr Verwaayen, who officially starts his position on Friday, also divulged that BT would focus more on its business-to-business clients. BT Ignite, its international broadband and solutions business, is to offer additional corporate services, such as software and infrastructure management.