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Roundup: BT's New Wave

BT enters a new era, changing its organisation and preparing to list its divisions

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.

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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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