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Breakingviews: BT back to the future

Wednesday, November 26, 2014 - 03:12

Investors can forgive BT going back to the future. Getting back into mobile is unusual but defensible.

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So preaching getting back to the mobile beautiful example of the cold is gonna social Sebelius today with a pregnant musings and to get I don't know I'm Robert. It from from the good of Clinton's peace using the timing is spots on. They state house have mobile. During the bad times and I gonna get back in as things get better. Well everything is clear that BT having sold what's now called him to. I used to be called and then those tunes for you historians out that I'm a full that was settlement of schools. We sell best in 2001. There are now some. Quite clear expectation is are the gonna buy back and unto itself. All into the CB's joint venture between. Gem from Genesis and its point one is yes for helping out of -- offer Rome but it. I'm quite sure I suggest it was the right time because we've had a lot of growth that. But I think that is the one time for beat TT get back in but the question this rice's of course is Juan Dixon in the first. You know Wilson is very shall socked it. What we're trying to demonstrate would this piece is actually well yes that's an accusation which is hauled to loans are in an ideal world BT would have hung onto it. I might have done mole. The returns and actually gone to shareholders. On. To use I'm sugar and independent. And shareholder returns it beat 300 dated telephone of overweight or on you know. I'm I read couldn't makes the point and yet again he he causes big strategic intent which of course is what this. And I need I guess he questions whether wet weather one should be skeptical about such. Think company making such a big strategic so that's one thing you get enough that I think when absolutely should be skeptical about that and so I shall wonder whether this is the right time for being too to be done well but I put it at the same time credit talks about BC avoiding this perfect sort of regulation competition. And technology. And debt that walloped. European mobile so yeah we went in it is fortunate to something's about disarmament I don't think this was. It's clearly wasn't. Plan and the rest of there being fifteen years exactly I think it's really of polls. To remember the circumstances fifty years ago. Still Fazio axle to Atlanta that's good so. You know beat the with a name very very cool place had a lot of debt to the sport again upon. I think he's management. Well so if I left something to be desired so it sort of have to get rid of two's. Oh what was now cooled until that time. You know let's go you know put too much hindsight and that if that was the right decision and this looks to us like it was a rod is now. I'm actually in between times the returns haven't been too bad. And actually the company's aura around. Monday that there aren't many thanks Robert you can re Clinton's peace accords on the breaking news web sites. That's it for Rihanna to cope with his choices.

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Breakingviews: BT back to the future

Wednesday, November 26, 2014 - 03:12