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Broadband

BT rivals commission report on pension deficit

Wednesday 5 October 2016 | 15:56 CET | News
BT's rivals have submitted a report to Ofcom that aims to dispel BT's claim that its pension deficit is barrier to a full separation of its wholesale arm Openreach. The report, written by Mercer, BT's former pension adviser, was commissioned by Sky, TalkTalk and Vodafone and submitted to Ofcom as part of the regulator's Digital Communications Review, the Financial Times report. BT's pension deficit totaled GBP 9.9 billion at the end of June 2015 and is thought have only risen since then. BT said it is too risky to try and hive off the pension liabilities and staff to a new, separate company.

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Categories: Fixed
Companies: BT / Ofcom / Openreach / Sky / TalkTalk / Vodafone
Countries: United Kingdom
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