BT got a facelift this week, setting up four new businesses and splitting its fixed line business into wholesale and retail sections.
The reorganisation boosted BT's share price amid a general selloff and hails the beginning of an Internet-focused strategy for the telco.
LATEST NEWS Jane Wakefield: High Noon at BT - The proud lumbering dinosaur splits in four, pleasing the City. Fri, 14th Apr 2000 Positive reaction to the new wave BT - Industry approves BT's tardy restructuring. Thu, 13th Apr 2000 BT shares lifted by restructuring plan - But market conditions reduce positive impact Thu, 13th Apr 2000 BT's Bonfield says no to free local calls - Free local calls are not on the agenda says Bonfield. Thu, 13th Apr 2000 BT regroups Internet, e-commerce divisions - The restructuring, dubbed 'The New Wave' splits BT into four new units. Thu, 13th Apr 2000 BT's broadband vision explored - BT in defensive mood as it defends its broadband strategy. Thu, 06th Apr 2000
ANALYSIS Guy Kewney: Opportunistic split - BT has had to follow the dictates of an ignorant stock market, like so many other corporations, and is splitting off its Internet business so that shareholders can buy shares in that sector.
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