LONDON Oct 19 BT said there was a
"strong case" for the group to invest more in fibre-optic
broadband networks, but the numbers would not add up if it was
forced to spin off its Openreach networks division.
Chief Executive Gavin Patterson also warned that splitting
up BT - which is an option that the government says remains on
the table - would require a long, difficult and costly
separation of the group's pension liabilities.
Patterson said investment in Openreach, which is used by
rivals like Sky and TalkTalk as well as BT's
retail customers, had increased 30 percent in the last two
years, providing a service that balanced speed, price and
"The case for more investment is quite strong," he said at
the Broadband World Forum.
"There is going to be no shortage of opportunities to
invest, the challenge for us as a company is to make sure the
investment cycles are reasonable and we are able to make a
return from them."
(Reporting by Paul Sandle, editing by James Davey)