Incoming BT chief executive Ben Verwaayen has ruled out selling off the telco's fixed line network to cut corporate debt.
Last year, US and German-led consortia hoped to capitalise on BT's then £27bn debt by buying BT Wholesale and the networks it operates and sells back to the carrier, leaving just retail and billing operations as separate units.
Although their plan might seem outlandish, the bidders have consistently been optimistic that they could persuade BT's board to get around the negotiating table. This is despite the company's debts, and its perceived need to sell, having been cut by around a half.
But Verwaayen, who takes up his role this week, told reporters at a press conference that such a sale would make "no sense" and that "we will not do it".
Analysts have said that BT's other companies are not yet ready to stand on their own two feet, should BT sell its network.
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