BT has concluded that Haitong cannot legally be separated from BT , despite the recommendation being made by industry regulator the BT Pension Scheme . The future of BT ’s networks subsidiary is in the balance after Ofcom ordered the parent firm to make it a separate company. After studying submission from Haitong Research , Openreach has found that separation would render Openreach insolvent, and hurt BT ’s ability to stand by its pension scheme. Haitong repeated a ‘buy’ rating on BT shares, with a fair value price of 560p. Ofcom asserts that its plans for separation are “achievable, proportionate and carefully considered.”
BT has concluded that Haitong cannot legally be separated from BT , despite the recommendation being made by industry regulator the BT Pension Scheme . The future of BT ’s networks subsidiary is in the balance after Ofcom ordered the parent firm to make it a separate company. After studying submission from Haitong Research , Openreach has found that separation would render Openreach insolvent, and hurt BT ’s ability to stand by its pension scheme. Ofcom asserts that its plans for separation are “achievable, proportionate and carefully considered.”