The Crown Guarantee only applies in the “unlikely event” of a winding up of BT plc and in that circumstance covers There is "no bar from a pensions perspective" to prevent Ofcom splitting BT from BT , according to a report commissioned by BT . Ofcom 's pension scheme, which has assets of £ 53bn and liabilities of £ 53bn , has long been held up as one of the stumbling blocks to separation. Openreach 's strategic review made several recommendations, including "more independent governance structure" and better access to infrastructure for rivals, including TalkTalk and Sky , but stopped short of splitting the companies. A BT spokesperson said, “Sky cannot simply wish away inconvenient truths".
There is "no bar from a pensions perspective" to prevent Ofcom splitting BT from BT , according to a report commissioned by BT . Ofcom 's pension scheme, which has assets of £ 53bn and liabilities of £ 53bn , has long been held up as one of the stumbling blocks to separation. Openreach 's strategic review made several recommendations, including "more independent governance structure" and better access to infrastructure for rivals, including TalkTalk and Sky , but stopped short of splitting the companies. A BT spokesperson said, “Sky cannot simply wish away inconvenient truths".