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Public Affairs

NI report criticises past public broadband projects

Audit Office report cannot verify that two broadband projects “achieved value for money”. High service take-up rates suggest not all public funding was needed. NI expected to claw back £14m of public funds from BT. Hopes for £165m Project Stratum to deliver better outcome for rural broadband.

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Strategy & Change

‘Fearless’ Mehta out to power rapid change at BT

New CDIO committed to radical cultural change, fostering an entrepreneurial spirit, and a willingness to embrace the risk of failure. BT’s slow start on digital transformation an opportunity to leapfrog a generation of innovation. Group CEO Jansen’s persuasiveness key to convincing Mehta of BT’s potential as a TechCo.

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M&A

BT pays hefty price for full possession of OnePhone

Swedish business’s 30% holding given a near-nine-figure price tag. Purchase coincides with OnePhone champion taking helm at new Enterprise unit.

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M&A

BT’s uninvited new co-pilot: what’s Drahi’s mission?

Altice buys minority stake but claims no intention of full-fledged takeover. Seeks to support BT’s strategic fibre, for which Drahi has genuine zeal. BTwatch explores industrial logic and financial machinations behind move.

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Profile

Which Drahi has BT got itself entangled with?

Altice empire expands into UK. Drahi: a fibre visionary or ruthless financer? Does BT investment represent change of tack by rapacious wheeler-dealer?