Victory for Ofcom as BT agrees to Openreach split

BT on Friday bowed to Ofcom's demand for it to implement a legal separation of Openreach, a move designed to strengthen its independence.BT's CEO said the restructuring will serve the best interests of U.K. consumers and businesses.Under the agreement, 32,000 staff will transfer to the newly-distinct company, which shall have its own branding. BT will still own Openreach and allocate its budget…read more on TotalTele.com »