In January, BT was forced to write down the value of its Italian business by £530million after years of 'inappropriate behaviour' in a major embarrassment for the company and Patterson. Cathryn Jones , head of water regulator Ofwat , is said to have been hired to lead BT ’s regulatory affairs team . The legal separation of Openreach is being closely scrutinised by Ofcom , and the firm is in the midst of a major cost - cutting drive after a £ ##50 m right down following an Italian accounting scandal and $ 14bn pensions deficit .
Cathryn Jones , head of water regulator Ofwat , is said to have been hired to lead BT ’s regulatory affairs team . The legal separation of Openreach is being closely scrutinised by Ofcom , and the firm is in the midst of a major cost - cutting drive after a £ ##50 m right down following an Italian accounting scandal and $ 14bn pensions deficit .